Bank of Montreal (BMO) Receives a Buy from Canaccord Genuity

By Austin Angelo

Bank of Montreal (BMOResearch Report), the Financial sector company, was revisited by a Wall Street analyst today. The company received a Buy rating from Canaccord Genuity’s analyst Scott Chan CFA, with a C$111 price target.

According to TipRanks.com, CFA is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -3.4% and a 31.4% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.

Currently, the analyst consensus on Bank of Montreal is a Moderate Buy with an average price target of C$113.71.

The company has a one-year high of C$109 and a one-year low of C$93.60. Currently, Bank of Montreal has an average volume of 1.43M.

Bank of Montreal engages in the provision of banking and financial services to individuals and institutions. It operates through the following segments: Canadian Personal and Commercial; United States Personal and Commercial; Wealth Management; BMO Capital Markets; and Corporate Services.

The company’s shares closed on Thursday at C$97.54.