Barclays Slaps Sell Rating on Bank of Montreal

Bank of Montreal (BMO) has received a sell rating from Barclays analyst Brian Morton. In a report released today, Morton maintained his Sell rating on BMO with a price target of C$240.00.

Morton's average return is -7.5% and he has a 36.27% success rate. He covers the Financial sector and focuses on stocks such as Bank of Montreal, Royal Bank of Canada, and Bank of Nova Scotia.

The word on The Street suggests a Moderate Buy analyst consensus rating for BMO with an average price target of C$248.67. This is slightly higher than Morton's target, but still indicates some uncertainty in the market.

Corporate insider activity has been negative recently, with 23 insiders selling their shares over the past quarter compared to earlier this year.