Bank of Montreal (TSE:BMO) Price Target Cut to C$109.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price decreased by stock analysts at National Bank Financial from C$110.00 to C$109.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the bank’s stock. National Bank Financial’s price objective points to a potential upside of 9.83% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Scotiabank boosted their price objective on shares of Bank of Montreal from C$106.00 to C$107.00 in a research report on Wednesday, November 20th. Citigroup dropped their target price on shares of Bank of Montreal from C$115.00 to C$105.00 in a report on Monday, September 9th. Royal Bank of Canada cut their target price on Bank of Montreal from C$113.00 to C$111.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Eight Capital reduced their price target on Bank of Montreal from C$105.00 to C$100.00 in a report on Wednesday, September 4th. Finally, TD Securities lowered their price target on Bank of Montreal from C$105.00 to C$100.00 and set a “hold” rating for the company in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$105.77.

TSE:BMO traded up C$0.67 during midday trading on Wednesday, reaching C$99.24. 1,162,668 shares of the stock traded hands, compared to its average volume of 1,671,724. The stock has a market capitalization of $65.32 billion and a P/E ratio of 10.50. The company has a fifty day moving average of C$99.54 and a 200 day moving average of C$98.03. Bank of Montreal has a 12 month low of C$86.25 and a 12 month high of C$106.51.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers, as well as wealth management products and services, such as insurance products.

Featured Story: What does an outperform rating mean?

Analyst Recommendations for Bank of Montreal (TSE:BMO)

Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.