Could Bank of Montreal Change Direction After Today’s Huge Increase?

 Could Bank of Montreal Change Direction After Today's Huge Increase?

The stock of Bank of Montreal (TSE:BMO) is a huge mover today! About 356,852 shares traded hands. Bank of Montreal (TSE:BMO) has risen 8.99% since March 10, 2016 and is uptrending. It has outperformed by 3.38% the S&P500.
The move comes after 6 months positive chart setup for the $54.64B company. It was reported on Oct, 17 by Barchart.com. We have $124.52 PT which if reached, will make TSE:BMO worth $25.68 billion more.

Bank of Montreal (TSE:BMO) Ratings Coverage

Out of 10 analysts covering Bank Of Montreal (TSE:BMO), 1 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 10% are positive. $91 is the highest target while $60 is the lowest. The $86.15 average target is 1.70% above today’s ($84.71) stock price. Bank Of Montreal has been the topic of 29 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The rating was maintained by Dundee Securities on Wednesday, September 21 with “Neutral”. The stock of Bank of Montreal (TSE:BMO) has “Sector Perform” rating given on Wednesday, December 2 by RBC Capital Markets.

More notable recent Bank of Montreal (TSE:BMO) news were published by: Reuters.com which released: “BRIEF-Bank of Montreal says preferred shares series 38 will be issued to p…” on October 13, 2016, also Wsj.com with their article: “Bank of Montreal’s Profit Rises on Cost-Cutting, Higher Revenue” published on August 23, 2016, Forbes.com published: “Relative Strength Alert For Bank of Montreal (BMO)” on October 07, 2016. More interesting news about Bank of Montreal (TSE:BMO) were released by: Fool.ca and their article: “Why Bank of Montreal Is a Great Investment” published on September 26, 2016 as well as Bloomberg.com‘s news article titled: “BMO Falls as Restatement Seen Akin to Cutting $1 Billion Capital” with publication date: October 04, 2016.

Bank of Montreal is a financial services company. The company has a market cap of $54.64 billion. The Bank provides a range of personal and commercial banking, wealth management and investment banking services and products. It has a 12.6 P/E ratio. The Bank’s operating groups include Personal and Commercial Banking, Wealth Management, BMO Capital Markets (BMO CM) and Corporate Services, including Technology and Operations.

BMO Company Profile

Bank of Montreal (BMO), incorporated on March 15, 1995, is a financial services company. The Bank provides a range of personal and commercial banking, wealth management and investment banking services and products. The Bank’s operating groups include Personal and Commercial Banking, Wealth Management, BMO Capital Markets (BMO CM) and Corporate Services, including Technology and Operations. The Bank operates primarily in Canada and the United States. It also has activities in the United Kingdom, Europe, the Caribbean and Asia.

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