Eight Capital Boosts Bank of Montreal (BMO) Price Target to C$106.00
Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective boosted by research analysts at Eight Capital from C$101.00 to C$106.00 in a note issued to investors on Wednesday. Eight Capital’s price objective would indicate a potential upside of 6.92% from the stock’s previous close.
A number of other equities analysts also recently weighed in on the company. CSFB boosted their price target on Bank of Montreal from C$102.00 to C$103.00 in a research report on Wednesday. Canaccord Genuity upped their target price on Bank of Montreal from C$103.00 to C$105.00 in a research report on Wednesday. Barclays upped their target price on Bank of Montreal from C$97.00 to C$98.00 in a research report on Wednesday. CIBC upped their target price on Bank of Montreal from C$100.00 to C$107.00 in a research report on Monday, November 13th. Finally, Scotiabank decreased their target price 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. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target 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. The company’s 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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