Bank of Montreal (BMO) PT Raised to C$102.00
Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective increased by investment analysts at Canaccord Genuity from C$99.00 to C$102.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has a “hold” rating on the bank’s stock. Canaccord Genuity’s price objective would indicate a potential upside of 13.21% from the company’s previous close.
Several other research analysts also recently commented on the company. Barclays PLC lifted their target price on Bank of Montreal from C$98.00 to C$99.00 in a research note on Friday, August 11th. TD Securities upgraded Bank of Montreal from a “hold” rating to a “buy” rating and set a C$105.00 price target for the company in a research note on Thursday, June 1st. Royal Bank Of Canada reduced their price target on Bank of Montreal from C$110.00 to C$108.00 and set a “sector perform” rating for the company in a research note on Thursday, May 25th. Scotiabank reduced their price target on Bank of Montreal from C$107.00 to C$104.00 and set an “outperform” rating for the company in a research note on Thursday, May 25th. Finally, CIBC reduced their price target on Bank of Montreal from C$109.00 to C$105.00 in a research note on Thursday, May 25th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$100.00.
Shares of Bank of Montreal (TSE:BMO) traded down 0.29% during trading on Wednesday, hitting $89.84. 483,987 shares of the stock were exchanged. The stock has a market cap of $60.78 billion and a P/E ratio of 10.99. The stock has a 50-day moving average of $94.57 and a 200 day moving average of $96.57. Bank of Montreal has a 12-month low of $83.43 and a 12-month high of $104.15.
TRADEMARK VIOLATION NOTICE: This report was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/08/31/bank-of-montreal-bmo-given-new-c102-00-price-target-at-canaccord-genuity.html.
In other Bank of Montreal news, insider David Robert Casper sold 17,005 shares of the company’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of C$93.36, for a total value of C$1,587,586.80. Also, Director La Flèche Eric Richer bought 2,000 shares of the stock in a transaction on Monday, June 19th. The stock was purchased at an average cost of C$93.82 per share, with a total value of C$187,640.00.
About Bank of Montreal
Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The companys personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance, and financial and investment advice; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers.
Receive News & Stock Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related stocks with our FREE daily email newsletter.