CIBC Boosts Bank of Montreal (BMO) Price Target to C$107.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price hoisted by CIBC from C$100.00 to C$107.00 in a research note issued to investors on Monday, November 13th.

Several other research firms also recently weighed in on BMO. Canaccord Genuity dropped their target price on shares of Bank of Montreal from C$103.00 to C$99.00 in a report on Wednesday, November 1st. Barclays lifted their price target on shares of Bank of Montreal from C$98.00 to C$99.00 in a report on Friday, August 11th. Finally, Scotiabank lowered their price target on shares of Bank of Montreal from C$103.00 to C$101.00 and set an outperform rating for the company in a report on Wednesday, August 30th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of C$100.69.

Bank of Montreal (TSE:BMO) traded up C$0.21 during trading hours on Monday, reaching C$99.48. 1,250,000 shares of the company’s stock traded hands, compared to its average volume of 1,040,000. Bank of Montreal has a 52-week low of C$88.07 and a 52-week high of C$104.15.

In related news, insider Joanna Michelle Rotenberg sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of C$94.81, for a total value of C$189,620.00. Also, Director Philip Orsino bought 17,800 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was bought at an average price of C$89.12 per share, with a total value of C$1,586,336.00.

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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.

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