Bank of Montreal (TSE:BMO) Price Target Cut to C$150.00 by Analysts at CIBC

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) had its price target decreased by analysts at CIBC from C$156.00 to C$150.00 in a report issued on Monday, BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 3.72% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Royal Bank of Canada increased their price target on shares of Bank of Montreal from C$160.00 to C$164.00 and gave the company an “outperform” rating in a report on Wednesday, March 2nd. Barclays raised shares of Bank of Montreal from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from C$140.00 to C$165.00 in a report on Wednesday, January 19th. National Bankshares cut shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$163.00 to C$151.00 in a report on Monday, March 7th. Cormark reaffirmed a “buy” rating and set a C$34.00 target price on shares of Bank of Montreal in a report on Tuesday, February 22nd. Finally, Canaccord Genuity Group raised their target price on shares of Bank of Montreal from C$169.00 to C$171.00 in a report on Wednesday, March 2nd. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to, the stock presently has a consensus rating of “Buy” and a consensus price target of C$150.29.

Bank of Montreal stock traded down C$0.33 during trading hours on Monday, hitting C$144.62. The company had a trading volume of 568,138 shares, compared to its average volume of 2,523,713. The firm has a market cap of C$97.11 billion and a PE ratio of 11.12. Bank of Montreal has a one year low of C$112.34 and a one year high of C$154.47. The firm has a 50-day moving average of C$147.86 and a 200 day moving average of C$140.53.

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) last released its quarterly earnings results on Tuesday, March 1st. The bank reported C$3.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$3.30 by C$0.59. The company had revenue of C$7.72 billion during the quarter, compared to the consensus estimate of C$6.67 billion. Equities analysts expect that Bank of Montreal will post 14.8099996 earnings per share for the current year.

About Bank of Montreal (Get Rating)

Bank of Montreal provides diversified financial services primarily in North America. 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, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers.

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