Bank of Montreal (BMO) Receives a Hold from Desjardins

By Jason Carr

Shares of Bank of Montreal (BMOResearch Report) were revisited by a Wall Street analyst yesterday. Analyst Douglas Young from Desjardins rated Bank of Montreal (BMOResearch Report) a Hold, setting a C$106 price target.

According to TipRanks.com, Young is a 4-star analyst with an average return of 6.7% and a 71.6% success rate. Young covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bank of Montreal with a C$107.29 average price target, a 5.0% upside from current levels. In a report issued on February 12, Barclays also reiterated a Hold rating on the stock with a C$99 price target.

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The company has a one-year high of C$109 and a one-year low of C$86.25. Currently, Bank of Montreal has an average volume of 1.93M.

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 Banking (Canadian P&C); United States Personal and Commercial Banking (U.S. P&C); Wealth Management; BMO Capital Markets; and Corporate Services.

The company’s shares closed on Wednesday at C$102.15.