Bank of Montreal (BMO) PT Raised to C$103.00
Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective upped by National Bank Financial from C$100.00 to C$103.00 in a research note issued on Wednesday. The firm currently has a “sector perform” rating on the bank’s stock. National Bank Financial’s target price indicates a potential upside of 3.89% from the company’s previous close.
A number of other analysts have also recently issued reports on BMO. Barclays boosted their target price on Bank of Montreal from C$98.00 to C$99.00 in a report on Friday, August 11th. Canaccord Genuity boosted their price target on Bank of Montreal from C$99.00 to C$102.00 and gave the stock a “hold” rating in a research report on Wednesday, August 30th. CIBC reduced their price target on Bank of Montreal from C$101.00 to C$100.00 in a research report on Wednesday, August 30th. Scotiabank reduced their price target on Bank of Montreal from C$103.00 to C$101.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 30th. Finally, CSFB boosted their price target on Bank of Montreal from C$102.00 to C$103.00 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 company. Bank of Montreal currently has a consensus rating of “Hold” and an average target price of C$103.36.
Shares of Bank of Montreal (BMO) traded down C$0.45 during trading hours on Wednesday, hitting C$99.14. The stock had a trading volume of 1,721,866 shares, compared to its average volume of 1,447,193. Bank of Montreal has a 1-year low of C$88.63 and a 1-year high of C$104.15.
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Bank of Montreal Company Profile
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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