Canaccord Genuity Increases Bank of Montreal (BMO) Price Target to C$91.00
Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective hoisted by investment analysts at Canaccord Genuity from C$88.00 to C$91.00 in a research note issued to investors on Tuesday. Canaccord Genuity’s price target suggests a potential upside of 3.01% from the stock’s current price.
A number of other research analysts also recently weighed in on BMO. CIBC raised their price objective on Bank of Montreal from C$88.00 to C$90.00 in a research note on Friday, September 2nd. Barclays PLC raised their price objective on Bank of Montreal from C$75.00 to C$77.00 and gave the company an “underweight” rating in a research note on Wednesday, August 24th. Scotiabank raised their price objective on Bank of Montreal from C$86.00 to C$89.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 24th. Keefe, Bruyette & Woods lifted their price target on Bank of Montreal from C$84.00 to C$85.00 in a research report on Wednesday, August 24th. Finally, National Bank Financial lifted their price target on Bank of Montreal from C$84.00 to C$88.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 24th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. Bank of Montreal currently has an average rating of “Hold” and a consensus price target of C$88.20.
Shares of Bank of Montreal (TSE:BMO) traded up 0.10% during trading on Tuesday, reaching $88.43. The company had a trading volume of 837,447 shares. The firm has a market capitalization of $57.04 billion and a PE ratio of 13.16. The stock has a 50 day moving average price of $85.48 and a 200 day moving average price of $84.29. Bank of Montreal has a 12 month low of $68.65 and a 12 month high of $89.13.
Bank of Montreal Company Profile
Bank of Montreal (BMO) is a financial services company. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank’s operating groups include Personal and Commercial Banking, Wealth Management, BMO Capital Markets (BMO CM) and Corporate Services, including Technology and Operations.
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