Bank of Montreal Receives Sector Underperform Rating from CIBC (BMO)
Bank of Montreal (TSE:BMO)‘s stock had its “sector underperform” rating reaffirmed by analysts at CIBC in a research report issued to clients and investors on Friday, Stock Ratings Network reports. They currently have a C$65.00 price target on the stock. CIBC’s target price would indicate a potential downside of 6.92% from the company’s current price.
A number of other analysts have also recently weighed in on BMO. Analysts at Scotiabank raised their price target on shares of Bank of Montreal from C$70.00 to C$74.00 in a research note to investors on Friday, August 30th. They now have a “sector underperform” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Bank of Montreal from C$69.00 to C$71.00 in a research note to investors on Thursday, August 29th. Finally, analysts at Barclays Capital raised their price target on shares of Bank of Montreal from C$62.00 to C$65.00 in a research note to investors on Wednesday, August 28th. They now have an “underweight” rating on the stock. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Bank of Montreal presently has an average rating of “Hold” and a consensus price target of C$68.63.
Shares of Bank of Montreal (TSE:BMO) traded up 0.47% during mid-day trading on Friday, hitting $69.83. The stock had a trading volume of 818,674 shares. Bank of Montreal has a 52 week low of $56.74 and a 52 week high of $69.40. The stock’s 50-day moving average is $65.24 and its 200-day moving average is $63.27. The company has a market cap of $44.998 billion and a P/E ratio of 11.16.
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