National Bank Financial Trims Bank of Montreal (BMO) Target Price to C$114.00
Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price decreased by National Bank Financial from C$115.00 to C$114.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has an “outperform” rating on the bank’s stock. National Bank Financial’s price target indicates a potential upside of 20.99% from the company’s current price.
BMO has been the topic of several other reports. TD Securities downgraded shares of Bank of Montreal from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$120.00 to C$110.00 in a report on Wednesday. Canaccord Genuity upgraded shares of Bank of Montreal from a “hold” rating to a “buy” rating and upped their price objective for the company from C$111.00 to C$118.00 in a report on Wednesday, August 29th. CIBC upped their price objective on shares of Bank of Montreal from C$109.00 to C$111.00 in a report on Wednesday, August 29th. Barclays decreased their price objective on shares of Bank of Montreal from C$110.00 to C$105.00 in a report on Friday, November 16th. Finally, Eight Capital downgraded shares of Bank of Montreal from a “buy” rating to a “neutral” rating and decreased their price objective for the company from C$124.00 to C$117.00 in a report on Wednesday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Bank of Montreal currently has an average rating of “Buy” and an average target price of C$112.92.
Shares of TSE:BMO traded down C$0.97 on Wednesday, hitting C$94.22. The company had a trading volume of 1,139,480 shares, compared to its average volume of 1,363,565. Bank of Montreal has a 1-year low of C$93.60 and a 1-year high of C$109.00.
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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