Today, Bank Of Montreal (BMO) Upgrade to “Neutral” at Credit Suisse Group AG

Today, Bank Of Montreal (BMO) Upgrade to “Neutral” at Credit Suisse Group AG

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

A number of other brokerages have also issued reports on BMO. Zacks Investment Research raised Bank Of Montreal from a sell rating to a hold rating in a research note on Friday, November 18th. RBC Capital Markets reaffirmed a sector perform rating and issued a $88.00 price target (up from $84.00) on shares of Bank Of Montreal in a research note on Thursday, August 25th. Scotiabank reaffirmed a sector perform rating and issued a $86.00 price target on shares of Bank Of Montreal in a research note on Tuesday, October 18th. Dundee Securities started coverage on Bank Of Montreal in a research note on Wednesday, September 21st. They issued a neutral rating on the stock. Finally, National Bank Financial reaffirmed a sector perform rating and issued a $88.00 price target (up from $84.00) on shares of Bank Of Montreal in a research note on Thursday, August 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $83.89.

Shares of Bank Of Montreal (NYSE:BMO) opened at 66.22 on Wednesday. The stock has a market cap of $42.71 billion, a price-to-earnings ratio of 13.31 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 firm has a 50-day moving average price of $64.34 and a 200-day moving average price of $64.50.

Several large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in Bank Of Montreal by 1,196.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,931 shares of the company’s stock valued at $123,000 after buying an additional 1,782 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in Bank Of Montreal during the second quarter valued at about $145,000. Hudock Capital Group LLC increased its stake in 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. C M Bidwell & Associates Ltd. purchased a new stake in Bank Of Montreal during the second quarter valued at about $174,000. Finally, Stonebridge Capital Advisors LLC purchased a new stake in Bank Of Montreal during the second quarter valued at about $200,000. Hedge funds and other institutional investors own 47.90% of the company’s stock.

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