Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target raised by analysts at CIBC from C$100.00 to C$107.00 in a research report issued on Monday. CIBC’s price target would indicate a potential upside of 9.34% from the company’s current price.
Several other research analysts have also weighed in on the stock. Canaccord Genuity dropped their price objective on shares of Bank of Montreal from C$103.00 to C$99.00 in a research note on Wednesday, November 1st. Scotiabank dropped their price objective 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 note on Wednesday, August 30th. Finally, Barclays PLC boosted their target price on shares of Bank of Montreal from C$98.00 to C$99.00 in a research report on Friday, August 11th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Bank of Montreal has a consensus rating of “Hold” and a consensus target price of C$100.69.
Bank of Montreal (TSE:BMO) traded down C$0.75 during trading on Monday, reaching C$97.86. 1,006,183 shares of the company’s stock traded hands, compared to its average volume of 1,476,942. Bank of Montreal has a 1 year low of C$85.32 and a 1 year high of C$104.15.
In other Bank of Montreal news, Director Philip Orsino acquired 17,800 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was bought at an average price of C$89.12 per share, for a total transaction of C$1,586,336.00. Also, insider Joanna Michelle Rotenberg sold 4,250 shares of the 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.
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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