Analyst Rating Update on Bank Of Montreal Bank of Montreal (NYSE:BMO) #BMO #Money #investing #finance #MoveMyMoney and has ranked it at 4, indicating that for the short term the shares are a sell

Analyst Rating Update on Bank Of Montreal #BMO #Money #investing #finance #MoveMyMoney     http://www.winstonview.com/analyst-rating-update-on-bank-of-montreal/369818/

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Research firm Zacks has rated Bank of Montreal (NYSE:BMO) and has ranked it at 4, indicating that for the short term the shares are a sell. 5 Wall Street analysts have given the company an average rating of 2.8.

The counter has received a hold rating based on the suggestion from 4 analysts in latest recommendations. The counter had a buy rating from 1 analysts.

Company has received coverage from different analysts. Citigroup maintains its rating on Bank Of Montreal (NYSE:BMO). The global brokerage major lowers the current price target from $83 per share to $81 per share.

Analysts at the Citigroup have a current rating of Neutral on the shares.
Bank Of Montreal (NYSE:BMO) concluded the session 1.76% or 1.04 points higher.

 The stock registered its first trade at $59.9 and oscillated between $60.63 and $59.87 before closing the day at $60.29.

Since the stock failed to latch on to major gains, market participants should watch the counter closely for more signs of weakness.

The volume was measured at 769,057 shares. The counter had ended the previous trading day at $59.25. The 52-week high of the share price is $78.56 and the 52-week low is $57.37. With close to 647,023,000 shares as outstanding, the counter has a market cap valued at $39,009 million.

  

Bank Of Montreal (NYSE:BMO) reported a rise of 1.3% or 114,723 shares in its short interest. The short figure came in at 1.4% of the total floats. The average daily volume of 923,634 shares suggests that the days to cover 8,954,002 short positions, as on February 27,2015, will be 10. On February 13,2015, the short interest was 8,839,279 shares.