Bank of Montreal Now Covered by Analysts at RBC Capital (BMO)
Research analysts at RBC Capital assumed coverage on shares of Bank of Montreal (TSE:BMO) in a report released on Friday, AnalystRatingsNetwork.com reports. The firm set an “outperform” rating and a C$76.00 price target on the stock. RBC Capital’s target price indicates a potential upside of 7.45% from the stock’s previous close.
BMO has been the subject of a number of other recent research reports. Analysts at TD Securities cut their price target on shares of Bank of Montreal from C$79.00 to C$78.00 in a research note to investors on Wednesday, December 4th. They now have a “hold” rating on the stock. Separately, analysts at CIBC cut their price target on shares of Bank of Montreal from C$78.00 to C$77.00 in a research note to investors on Wednesday, December 4th. They now have an “underperform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Bank of Montreal from C$65.00 to C$66.00 in a research note to investors on Monday, November 25th. They now have a “market perform” rating on the stock. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$72.89.
Shares of Bank of Montreal (TSE:BMO) opened at 70.73 on Friday. Bank of Montreal has a 52 week low of $58.68 and a 52 week high of $74.69. The stock’s 50-day moving average is $71.3 and its 200-day moving average is $67.71. The company has a market cap of $45.550 billion and a price-to-earnings ratio of 11.29.
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