Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective dropped by Barclays from C$105.00 to C$103.00 in a research report issued to clients and investors on Wednesday. Barclays’ price target indicates a potential upside of 9.69% from the company’s current price.

A number of other research analysts have also recently issued reports on BMO. Canaccord Genuity cut their price objective on Bank of Montreal from C$118.00 to C$111.00 in a report on Thursday, November 22nd. National Bank Financial lifted their price objective on Bank of Montreal from C$108.00 to C$115.00 and gave the company an “outperform” rating in a report on Wednesday, August 29th. Eight Capital lifted their price objective on Bank of Montreal from C$119.00 to C$124.00 in a report on Wednesday, August 29th. Royal Bank of Canada lifted their price objective on Bank of Montreal from C$124.00 to C$126.00 and gave the company an “outperform” rating in a report on Wednesday, August 29th. Finally, CIBC lifted their price objective on Bank of Montreal from C$109.00 to C$111.00 in a report on Wednesday, August 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Bank of Montreal presently has a consensus rating of “Buy” and a consensus price target of C$112.27.

Shares of TSE BMO opened at C$93.90 on Wednesday. Bank of Montreal has a 52-week low of C$92.64 and a 52-week high of C$109.00.

In other news, insider Jean-Michel Ares sold 57,356 shares of the firm’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of C$108.46, for a total value of C$6,220,831.76.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance products, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers.

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Analyst Recommendations for Bank of Montreal (TSE:BMO)

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