Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price lifted by investment analysts at Scotiabank from C$112.00 to C$114.00 in a research note issued to investors on Wednesday. The brokerage currently has an “outperform” rating on the bank’s stock. Scotiabank’s price objective points to a potential upside of 14.99% from the stock’s previous close.

Several other research firms have also recently commented on BMO. Royal Bank Of Canada lifted their target price on shares of Bank of Montreal from C$108.00 to C$116.00 and gave the stock a “sector perform” rating in a research report on Wednesday. National Bank Financial lifted their target price on shares of Bank of Montreal from C$100.00 to C$103.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Eight Capital lifted their target price on shares of Bank of Montreal from C$101.00 to C$106.00 in a research report on Wednesday. CSFB lifted their target price on shares of Bank of Montreal from C$102.00 to C$103.00 in a research report on Wednesday. Finally, Canaccord Genuity lifted their target price on shares of Bank of Montreal from C$103.00 to C$105.00 in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price 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 traded hands, compared to its average volume of 1,447,193. Bank of Montreal has a twelve month low of C$88.63 and a twelve month high of C$104.15.

In related news, insider Joanna Michelle Rotenberg sold 2,000 shares of Bank of Montreal stock in a transaction that occurred on 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.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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