Barclays Remains a Buy on Bank Of Montreal (BMO)

In a report released on August 30, John Aiken from Barclays maintained a Buy rating on Bank Of Montreal (BMOResearch Report), with a price target of C$151.00. The company’s shares closed yesterday at $92.24.

Aiken covers the Financial sector, focusing on stocks such as Sun Life Financial, Bank Of Montreal, and Bank Of Nova Scotia. According to TipRanks, Aiken has an average return of -2.9% and a 43.84% success rate on recommended stocks.

Bank Of Montreal has an analyst consensus of Moderate Buy, with a price target consensus of $112.52, representing a 21.99% upside. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a C$151.00 price target.

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Based on Bank Of Montreal’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $9.26 billion and a net profit of $4.76 billion. In comparison, last year the company earned a revenue of $5.99 billion and had a net profit of $1.3 billion

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BMO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Bank of Montreal is a Canadian multinational bank and financial services company. It provides personal and commercial banking, lending, mortgages, credit cards and investment advice services. The company also offers specialized banking programs, treasury and payment solutions, risk management products, foreign exchange and cash management solutions to small business and commercial banking customers.

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