Bank of Montreal (BMO) Price Target Raised to C$114.00
Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective upped by research analysts at Scotiabank from C$112.00 to C$114.00 in a research note issued on Wednesday. The firm currently has an “outperform” rating on the bank’s stock. Scotiabank’s price objective indicates a potential upside of 14.99% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. Barclays boosted their price objective on shares of Bank of Montreal from C$98.00 to C$99.00 in a report on Friday, August 11th. Eight Capital boosted their price objective on shares of Bank of Montreal from C$101.00 to C$106.00 in a report on Wednesday. CSFB boosted their price objective on shares of Bank of Montreal from C$102.00 to C$103.00 in a report on Wednesday. Canaccord Genuity lifted their price target on shares of Bank of Montreal from C$103.00 to C$105.00 in a research note on Wednesday. Finally, CIBC lifted their price target on shares of Bank of Montreal from C$100.00 to C$107.00 in a research note on Monday, November 13th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$103.36.
Shares of Bank of Montreal (TSE BMO) traded down C$0.45 during midday trading on Wednesday, reaching C$99.14. 1,721,866 shares of the company were exchanged, compared to its average volume of 1,447,193. Bank of Montreal has a 52-week low of C$88.63 and a 52-week high of C$104.15.
About Bank of Montreal
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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