Wells Fargo (WFC) Receives a Hold from BMO Capital

By Ryan Adsit

In a report released today, James Fotheringham from BMO Capital maintained a Hold rating on Wells Fargo (WFCResearch Report), with a price target of $63. The company’s shares opened today at $45.87.

According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 14.1% and a 77.7% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Focus Financial Partners Inc, Discover Financial Services, and Goldman Sachs Group Inc.

Currently, the analyst consensus on Wells Fargo is a Hold with an average price target of $54.33, implying a 18.4% upside from current levels. In a report issued on March 31, KBW also downgraded the stock to Hold with a $50 price target.

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Wells Fargo’s market cap is currently $213B and has a P/E ratio of 10.86. The company has a Price to Book ratio of 1.23.

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