Bank of Montreal (BMO) Price Target Raised to C$116.00 at Royal Bank Of Canada
Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price lifted by equities researchers at Royal Bank Of Canada from C$108.00 to C$116.00 in a research note issued on Wednesday. The brokerage currently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada’s target price points to a potential upside of 17.01% from the company’s current price.
Several other analysts also recently weighed in on BMO. CSFB boosted their target price on shares of Bank of Montreal from C$102.00 to C$103.00 in a research report on Wednesday. National Bank Financial lifted their price objective on shares of Bank of Montreal from C$100.00 to C$103.00 and gave the company a “sector perform” rating in a research note on Wednesday. Eight Capital boosted their target price on shares of Bank of Montreal from C$101.00 to C$106.00 in a research note on Wednesday. Canaccord Genuity boosted their target price on shares of Bank of Montreal from C$103.00 to C$105.00 in a research note on Wednesday. Finally, Barclays boosted their target price on shares of Bank of Montreal from C$97.00 to C$98.00 in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$103.36.
Bank of Montreal (BMO) traded down C$0.45 during trading hours 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 12 month low of C$88.63 and a 12 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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