Bank of Montreal (TSE:BMO) Given New C$102.00 Price Target at Canaccord Genuity

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective raised by analysts at Canaccord Genuity from C$99.00 to C$102.00 in a research report issued to clients and investors on Wednesday, August 30th. The brokerage currently has a “hold” rating on the bank’s stock. Canaccord Genuity’s price objective would indicate a potential upside of 11.26% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. TD Securities lowered their price objective on shares of Bank of Montreal from C$110.00 to C$105.00 and set a “hold” rating on the stock in a research note on Thursday, May 25th. Royal Bank Of Canada lowered their price objective 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 research note on Thursday, May 25th. Scotiabank lowered their price objective on shares of Bank of Montreal from C$107.00 to C$104.00 and set an “outperform” rating on the stock in a research note on Thursday, May 25th. CIBC lowered their price objective on shares of Bank of Montreal from C$109.00 to C$105.00 in a research note on Thursday, May 25th. Finally, Barclays PLC upgraded shares of Bank of Montreal from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Bank of Montreal presently has an average rating of “Hold” and a consensus target price of C$100.38.

Bank of Montreal (TSE BMO) opened at 91.68 on Wednesday. The stock’s 50 day moving average is $92.07 and its 200-day moving average is $95.56. The firm has a market capitalization of $59.50 billion and a PE ratio of 11.28. Bank of Montreal has a 52-week low of $83.44 and a 52-week high of $104.15.

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In other news, Director Philip Orsino bought 17,800 shares of Bank of Montreal stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average cost of C$89.12 per share, with a total value of C$1,586,336.00. Also, insider David Robert Casper sold 17,005 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of C$93.36, for a total value of C$1,587,586.80. Over the last ninety days, insiders purchased 19,966 shares of company stock valued at $1,786,499.

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.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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