Bank of Montreal (BMO) Price Target Raised to C$116.00 at Citigroup
Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target raised by research analysts at Citigroup from C$112.00 to C$116.00 in a research note issued to investors on Monday. Citigroup’s price objective would indicate a potential upside of 15.27% from the company’s previous close.
Several other research analysts have also issued reports on BMO. Canaccord Genuity lifted their price target on shares of 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 decreased their price target on shares of Bank of Montreal from C$101.00 to C$100.00 in a research report on Wednesday, August 30th. Scotiabank decreased their price target on shares of 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. Barclays lifted their price target on shares of Bank of Montreal from C$97.00 to C$98.00 in a research report on Wednesday, December 6th. Finally, CSFB raised their price objective on shares of Bank of Montreal from C$102.00 to C$103.00 in a research note on Wednesday, December 6th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of C$105.46.
Bank of Montreal (TSE:BMO) traded up C$0.33 during trading on Monday, reaching C$100.63. 3,936,052 shares of the company’s stock traded hands, compared to its average volume of 1,456,062. Bank of Montreal has a 12-month low of C$88.63 and a 12-month high of C$104.15.
In other Bank of Montreal news, insider Joanna Michelle Rotenberg sold 4,250 shares of Bank of Montreal stock in a transaction on Thursday, September 21st. The shares were sold at an average price of C$93.00, for a total transaction of C$395,250.00.
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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.
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