Bank of Montreal (BMO) PT Raised to C$116.00 at Royal Bank Of Canada

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective lifted by equities research analysts at Royal Bank Of Canada from C$108.00 to C$116.00 in a note issued to investors on Wednesday. The brokerage presently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 15.31% from the stock’s current price.

BMO has been the topic of several other research reports. CIBC dropped their price target on Bank of Montreal from C$101.00 to C$100.00 in a research note on Wednesday, August 30th. National Bank Financial boosted their price target on Bank of Montreal from C$100.00 to C$103.00 and gave the company a “sector perform” rating in a research note on Wednesday. Barclays boosted their price target on Bank of Montreal from C$98.00 to C$99.00 in a research note on Friday, August 11th. 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 research note on Wednesday, August 30th. Finally, Canaccord Genuity lowered their target price on Bank of Montreal from C$103.00 to C$99.00 in a research note on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$104.58.

Shares of Bank of Montreal (BMO) opened at C$100.60 on Wednesday. Bank of Montreal has a one year low of C$88.63 and a one year high of C$104.15.

In other news, insider Joanna Michelle Rotenberg sold 4,250 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of C$93.00, for a total value of C$395,250.00.

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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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