Bank of Montreal (BMO) Price Target Raised to C$106.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective raised by equities research analysts at National Bank Financial from C$103.00 to C$106.00 in a research report issued to clients and investors on Friday. The firm presently has a “sector perform” rating on the bank’s stock. National Bank Financial’s price objective would suggest a potential upside of 3.53% from the stock’s previous close.

BMO has been the subject of several other reports. Citigroup upped their price target on Bank of Montreal from C$112.00 to C$116.00 in a research note on Monday, December 18th. Scotiabank upped their price target on Bank of Montreal from C$112.00 to C$114.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 6th. Royal Bank of Canada upped their price target on Bank of Montreal from C$108.00 to C$116.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 6th. Eight Capital upped their price target on Bank of Montreal from C$101.00 to C$106.00 in a research note on Wednesday, December 6th. Finally, CSFB upped their price target on Bank of Montreal from C$102.00 to C$103.00 in a research note on Wednesday, December 6th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$106.25.

Bank of Montreal (TSE BMO) traded down C$0.20 during midday trading on Friday, reaching C$102.39. The company had a trading volume of 1,296,864 shares, compared to its average volume of 1,200,700. Bank of Montreal has a 1 year low of C$88.63 and a 1 year high of C$104.15. The stock has a market capitalization of $66,330.00, a P/E ratio of 12.93 and a beta of 0.71.

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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.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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