Equities research analysts at RBC Capital hoisted their target price on shares of Bank of Montreal (TSE:BMO) from C$69.00 to C$71.00 in a research note issued to investors on Wednesday, American Banking and Market News reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective would suggest a potential upside of 1.07% from the stock’s previous close.
Bank of Montreal (TSE:BMO) traded down 0.54% during mid-day trading on Wednesday, hitting $69.87. 1,324,873 shares of the company’s stock traded hands. Bank of Montreal has a 1-year low of $58.68 and a 1-year high of $74.69. The stock’s 50-day moving average is $72.87 and its 200-day moving average is $66.56. The company has a market cap of $45.024 billion and a P/E ratio of 11.28.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Bank of Montreal from C$65.00 to C$66.00 in a research note to investors on Monday, November 25th. They now have a “market perform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Bank of Montreal from C$65.00 to C$71.00 in a research note to investors on Thursday, November 21st. They now have an “underweight” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Bank of Montreal from C$71.00 to C$74.00 in a research note to investors on Wednesday, November 20th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$72.33.
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