Citigroup Boosts Bank of Montreal (BMO) Price Target to C$116.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price increased by equities researchers at Citigroup from C$112.00 to C$116.00 in a research note issued on Monday, December 18th. Citigroup’s price target would suggest a potential upside of 13.26% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Barclays increased their price target on Bank of Montreal from C$97.00 to C$98.00 in a research note on Wednesday, December 6th. Scotiabank increased 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. Canaccord Genuity raised their target price on Bank of Montreal from C$99.00 to C$102.00 and gave the company a “hold” rating in a research note on Wednesday, August 30th. Eight Capital raised their target price on Bank of Montreal from C$101.00 to C$106.00 in a research note on Wednesday, December 6th. Finally, CSFB raised their target price 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 issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$106.25.

Shares of Bank of Montreal (TSE:BMO) traded up C$0.03 during midday trading on Monday, reaching C$102.42. The company’s stock had a trading volume of 1,511,900 shares, compared to its average volume of 1,280,000. Bank of Montreal has a 1 year low of C$88.63 and a 1 year high of C$104.15. The firm has a market capitalization of $66,350.00, a price-to-earnings ratio of 12.93 and a beta of 0.71.

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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.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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