Bank of Montreal (BMO) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have earned an average recommendation of “Buy” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$100.69.
A number of research firms have weighed in on BMO. CIBC lifted their price objective on Bank of Montreal from C$100.00 to C$107.00 in a research note on Monday, November 13th. Canaccord Genuity reduced their price objective on Bank of Montreal from C$103.00 to C$99.00 in a research note on Wednesday, November 1st. Scotiabank reduced their price objective on Bank of Montreal from C$103.00 to C$101.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. Finally, Barclays lifted their price objective on Bank of Montreal from C$98.00 to C$99.00 in a research note on Friday, August 11th.
In other Bank of Montreal news, Director Philip Orsino purchased 17,800 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average price 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 Bank of Montreal stock in a transaction dated Friday, September 29th. The shares were sold at an average price of C$94.81, for a total value of C$189,620.00.
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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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