Bank of Montreal (BMO) Price Target Raised to C$105.00 at Canaccord Genuity
Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target hoisted by equities research analysts at Canaccord Genuity from C$103.00 to C$105.00 in a research note issued to investors on Wednesday. Canaccord Genuity’s price target suggests a potential upside of 5.91% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Barclays lifted their price objective on shares of Bank of Montreal from C$97.00 to C$98.00 in a research note on Wednesday. Scotiabank decreased their target price on shares of 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, CIBC boosted their target price on shares of Bank of Montreal from C$100.00 to C$107.00 in a research note on Monday, November 13th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of C$103.36.
Shares of Bank of Montreal (BMO) traded down C$0.45 during midday trading on Wednesday, reaching C$99.14. 1,721,866 shares of the company’s stock 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.
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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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