CIBC Lowers Bank of Montreal (BMO) Price Target to C$100.00
Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target dropped by research analysts at CIBC from C$101.00 to C$100.00 in a note issued to investors on Wednesday. CIBC’s price target would suggest a potential upside of 11.59% from the stock’s previous close.
Several other analysts also recently weighed in on the stock. Canaccord Genuity lifted their target price on shares of Bank of Montreal from C$99.00 to C$102.00 and gave the company a “hold” rating in a report on Wednesday. Barclays PLC lifted their target price on shares of Bank of Montreal from C$98.00 to C$99.00 in a report on Friday, August 11th. TD Securities raised shares of Bank of Montreal from a “hold” rating to a “buy” rating and set a C$105.00 target price on the stock in a report on Thursday, June 1st. Royal Bank Of Canada lowered their target price on shares of Bank of Montreal from C$110.00 to C$108.00 and set a “sector perform” rating on the stock in a report on Thursday, May 25th. Finally, Scotiabank lowered their target price on shares of Bank of Montreal from C$107.00 to C$104.00 and set an “outperform” rating on the stock in a report on Thursday, May 25th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Bank of Montreal has an average rating of “Hold” and a consensus target price of C$100.00.
Bank of Montreal (TSE BMO) opened at 89.61 on Wednesday. The firm has a market cap of $60.63 billion and a P/E ratio of 10.96. The firm has a 50 day moving average of $93.91 and a 200-day moving average of $96.32. Bank of Montreal has a 12 month low of $83.43 and a 12 month high of $104.15.
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In related news, insider David Robert Casper sold 17,005 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of C$93.36, for a total transaction of C$1,587,586.80. Also, Director La Flèche Eric Richer acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were bought at an average cost of C$93.82 per share, for a total transaction of C$187,640.00.
About Bank of Montreal
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 companys personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance, and financial and investment advice; 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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