Bank of Montreal (TSE:BMO) Price Target Increased to C$120.00 by Analysts at CIBC

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target upped by investment analysts at CIBC from C$116.00 to C$120.00 in a research report issued on Friday, BayStreet.CA reports. CIBC’s price target points to a potential upside of 7.46% from the stock’s previous close.

Several other brokerages have also issued reports on BMO. Cormark decreased their target price on Bank of Montreal from C$129.00 to C$118.00 in a research report on Wednesday, August 28th. Barclays decreased their price objective on Bank of Montreal from C$140.00 to C$132.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Desjardins dropped their target price on shares of Bank of Montreal from C$125.00 to C$120.00 and set a “hold” rating on the stock in a report on Wednesday, August 28th. National Bankshares decreased their price target on shares of Bank of Montreal from C$131.00 to C$127.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Finally, Royal Bank of Canada lowered their price target on shares of Bank of Montreal from C$118.00 to C$106.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 28th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Bank of Montreal currently has an average rating of “Hold” and a consensus target price of C$121.29.

Bank of Montreal Stock Performance

Shares of TSE BMO traded down C$0.43 during midday trading on Friday, hitting C$111.67. 788,147 shares of the company traded hands, compared to its average volume of 2,785,237. Bank of Montreal has a 12-month low of C$102.67 and a 12-month high of C$133.95. The firm has a market cap of C$81.45 billion, a P/E ratio of 12.83, a P/E/G ratio of 0.54 and a beta of 1.16. The stock has a 50-day moving average price of C$115.75 and a 200 day moving average price of C$122.05.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.