5 Cheap Canadian Stocks to Buy

In this article, we will be taking a look at 5 cheap Canadian stocks to buy. To see more such stocks, you can go directly to see the 10 Cheap Canadian Stocks to Buy.

5. Bank of Montreal (NYSE:BMO)

Average Analyst Price Target: $108.62

Upside Potential as of April 2: 21.89%

Number of Hedge Fund Holders: 12

Bank of Montreal (NYSE:BMO) is a diversified banking company based in Montreal, Canada. It offers personal banking products and services.

Joo Ho Kim, an analyst at Credit Suisse, holds an Outperform rating on Bank of Montreal (NYSE:BMO) shares as of March 1.

Bank of Montreal (NYSE:BMO) has a P/E ratio of 7.54, which makes it a bargain relative to other Canadian banks with P/E ratios mostly above 9. Analysts have an average price target of $108.62 on the shares, with a high forecast of $118.51.

There were 12 hedge funds long Bank of Montreal (NYSE:BMO) in the fourth quarter, with a total stake value of $108 million.