Time to Buy Bank of Montreal After Today’s Huge Decline?

 Time to Buy Bank of Montreal After Today's Huge Decline?

The stock of Bank of Montreal (TSE:BMO) is a huge mover today! About 405,884 shares traded hands. Bank of Montreal (TSE:BMO) has risen 10.12% since April 11, 2016 and is uptrending. It has outperformed by 6.20% the S&P500.
The move comes after 7 months negative chart setup for the $55.86 billion company. It was reported on Nov, 15 by Barchart.com. We have $79.11 PT which if reached, will make TSE:BMO worth $4.47 billion less.

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 0.19% above today’s ($85.99) stock price. Bank Of Montreal has been the topic of 29 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, December 2. The firm has “Neutral” rating by Dundee Securities given on Wednesday, September 21.

More notable recent Bank of Montreal (TSE:BMO) news were published by: Fool.ca which released: “Bank of Montreal: Should You Own This Dividend Stock Today?” on November 14, 2016, also Business.Financialpost.com with their article: “Executive shuffle at Bank of Montreal as chief operating officer Frank Techar …” published on October 28, 2016, Seekingalpha.com published: “Does Bank Of Montreal Stack Up?” on October 24, 2016. More interesting news about Bank of Montreal (TSE:BMO) were released by: Businesswire.com and their article: “Fitch Affirms Bank of Montreal Ratings at ‘AA-/F1+’; Outlook Stable” published on October 28, 2016 as well as Fool.ca‘s news article titled: “Dividend Investors: Why Bank of Montreal Is the Perfect Choice” with publication date: November 04, 2016.

Bank of Montreal is a financial services company. The company has a market cap of $55.86 billion. The Bank provides a range of personal and commercial banking, wealth management and investment banking services and products. It has a 12.79 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.TO 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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