Bank of Montreal (BMO) PT Lowered to C$99.00 at Canaccord Genuity
Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price lowered by research analysts at Canaccord Genuity from C$103.00 to C$99.00 in a note issued to investors on Wednesday. Canaccord Genuity’s target price indicates a potential upside of 0.17% from the stock’s previous close.
Several other brokerages have also issued reports on BMO. Barclays PLC lifted their target price on shares of Bank of Montreal from C$98.00 to C$99.00 in a research report on Friday, August 11th. Scotiabank dropped their target price on shares of Bank of Montreal from C$103.00 to C$101.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 30th. Finally, CIBC dropped their target price on shares of Bank of Montreal from C$101.00 to C$100.00 in a research report on Wednesday, August 30th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of C$100.15.
In other Bank of Montreal news, Director Philip Orsino purchased 17,800 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were purchased at an average cost of C$89.12 per share, for a total transaction of C$1,586,336.00. Also, insider Joanna Michelle Rotenberg sold 2,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of C$94.81, for a total transaction of C$189,620.00.
Bank of Montreal Company Profile
Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.
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