Credit Suisse Group AG upgraded shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) from an underperform rating to a neutral rating in a report released on Wednesday morning.

A number of other research analysts have also recently commented on the stock. RBC Capital Markets reaffirmed a sector perform rating and issued a $88.00 target price on shares of Bank Of Montreal in a research report on Wednesday, October 5th. Bank of America Corp. reissued a neutral rating on shares of Bank Of Montreal in a research report on Tuesday, November 1st. Scotiabank reissued a sector perform rating and set a $86.00 price target on shares of Bank Of Montreal in a research report on Tuesday, October 18th. Zacks Investment Research cut shares of Bank Of Montreal from a buy rating to a hold rating in a research report on Tuesday, October 25th. Finally, Barclays PLC reissued an underweight rating and set a $75.00 price target (up previously from $70.00) on shares of Bank Of Montreal in a research report on Sunday, August 21st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Hold and an average target price of $83.89.

Analyst Recommendations for Bank Of Montreal (NYSE:BMO)

Shares of Bank Of Montreal (NYSE:BMO) opened at 65.96 on Wednesday. The firm has a market capitalization of $42.54 billion, a PE ratio of 13.18 and a beta of 1.06. Bank Of Montreal has a 1-year low of $47.54 and a 1-year high of $67.69. The company has a 50-day moving average of $64.17 and a 200-day moving average of $64.43.

Institutional investors have recently made changes to their positions in the stock. Hudock Capital Group LLC raised its position in shares of Bank Of Montreal by 0.3% in the second quarter. Hudock Capital Group LLC now owns 2,633 shares of the company’s stock valued at $166,000 after buying an additional 9 shares in the last quarter. Savant Capital LLC increased its stake in Bank Of Montreal by 0.4% in the third quarter. Savant Capital LLC now owns 4,192 shares of the company’s stock valued at $275,000 after buying an additional 15 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in Bank Of Montreal by 0.3% in the third quarter. Johnson Investment Counsel Inc. now owns 6,885 shares of the company’s stock valued at $451,000 after buying an additional 20 shares during the last quarter. Schmidt P J Investment Management Inc. increased its stake in Bank Of Montreal by 0.4% in the third quarter. Schmidt P J Investment Management Inc. now owns 7,017 shares of the company’s stock valued at $460,000 after buying an additional 26 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its stake in Bank Of Montreal by 0.6% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 4,686 shares of the company’s stock valued at $307,000 after buying an additional 30 shares during the last quarter. Institutional investors own 48.15% of the company’s stock.

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Bank Of Montreal Company Profile

Bank of Montreal (BMO) is a financial services company. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank’s operating groups include Personal and Commercial Banking, Wealth Management, BMO Capital Markets (BMO CM) and Corporate Services, including Technology and Operations.

5 Day Chart for NYSE:BMO

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