Barclays Keeps Their Hold Rating on Bank of Montreal (BMO)

By Jason Carr

Wall Street analyst has provided a rating update for the Financial sector company yesterday, while remaining neutral on the stock. Analyst John Aiken from Barclays reiterated a Hold rating on Bank of Montreal (TSX: BMO), with a C$110 price target.

According to TipRanks.com, Aiken is ranked #4567 out of 4872 analysts.

Currently, the analyst consensus on Bank of Montreal is a Moderate Buy with an average price target of C$115, implying an 8.1% upside from current levels. In a report released yesterday, CIBC also reiterated a Hold rating on the stock.

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Bank of Montreal’s market cap is currently C$68.13B and has a P/E ratio of 14.9. The company has a Price to Book ratio of 1.72.

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 Tuesday at C$106.35, close to its 52-week high of C$107.10.