Bank of Montreal (TSE:BMO) PT Lowered to C$109.00 at Royal Bank of Canada

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target dropped by equities research analysts at Royal Bank of Canada from C$111.00 to C$109.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the bank’s stock. Royal Bank of Canada’s price target points to a potential upside of 9.83% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. TD Securities decreased their target price on shares of 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. Eight Capital cut their price target on shares of Bank of Montreal from C$105.00 to C$100.00 in a research report on Wednesday, September 4th. CIBC increased their price objective on shares of Bank of Montreal from C$105.00 to C$107.00 in a research note on Thursday, November 21st. Scotiabank raised their price objective on Bank of Montreal from C$106.00 to C$107.00 in a report on Wednesday, November 20th. Finally, Citigroup dropped their target price on Bank of Montreal from C$115.00 to C$105.00 in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$105.77.

Shares of BMO traded up C$0.67 during mid-day trading on Wednesday, hitting C$99.24. 1,162,668 shares of the company’s stock were exchanged, compared to its average volume of 1,671,724. The company has a market cap of $65.32 billion and a PE ratio of 10.50. Bank of Montreal has a 52 week low of C$86.25 and a 52 week high of C$106.51. The company has a 50-day simple moving average of C$99.54 and a 200 day simple moving average of C$98.03.

About Bank of Montreal

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.

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