Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective upped by analysts at CIBC from C$100.00 to C$107.00 in a research note issued on Monday. CIBC’s price target points to a potential upside of 9.19% from the stock’s current price.
A number of other research analysts have also issued reports on BMO. Canaccord Genuity lowered their target price on Bank of Montreal from C$103.00 to C$99.00 in a report on Wednesday, November 1st. Barclays PLC lifted their target price on Bank of Montreal from C$98.00 to C$99.00 in a report on Friday, August 11th. Finally, Scotiabank lowered their target price on Bank of Montreal from C$103.00 to C$101.00 and set an “outperform” rating on the stock in a report on Wednesday, August 30th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$100.69.
Bank of Montreal (BMO) opened at C$97.99 on Monday. Bank of Montreal has a fifty-two week low of C$85.94 and a fifty-two week high of C$104.15.
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In related news, insider Joanna Michelle Rotenberg sold 2,000 shares of Bank of Montreal stock in a transaction dated Friday, September 29th. The stock was sold at an average price of C$94.81, for a total value of C$189,620.00. Also, Director Philip Orsino purchased 17,800 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was bought at an average cost of C$89.12 per share, for a total transaction of C$1,586,336.00.
Bank of Montreal Company Profile
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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