Bank of Montreal (BMO) Given New C$116.00 Price Target at Citigroup

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price increased by stock analysts at Citigroup from C$112.00 to C$116.00 in a note issued to investors on Monday. Citigroup’s price objective points to a potential upside of 14.89% from the stock’s previous close.

Several other research firms also recently commented on BMO. Canaccord Genuity upped their target price on Bank of Montreal from C$103.00 to C$105.00 in a research report on Wednesday, December 6th. Scotiabank upped their target price on Bank of Montreal from C$112.00 to C$114.00 and gave the company an “outperform” rating in a research report on Wednesday, December 6th. CSFB upped their target price on Bank of Montreal from C$102.00 to C$103.00 in a research report on Wednesday, December 6th. 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, Royal Bank of Canada upped their target price on Bank of Montreal from C$108.00 to C$116.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 6th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Bank of Montreal has a consensus rating of “Hold” and an average price target of C$105.46.

Bank of Montreal (TSE:BMO) traded up C$0.34 during trading on Monday, hitting C$100.97. The stock had a trading volume of 1,127,361 shares, compared to its average volume of 1,454,709. Bank of Montreal has a 52 week low of C$88.63 and a 52 week high of C$104.15.

In related news, insider Joanna Michelle Rotenberg sold 2,000 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of C$94.81, for a total transaction 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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