Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective lowered by analysts at National Bank Financial from C$115.00 to C$114.00 in a research report issued on Wednesday. The firm presently has an “outperform” rating on the bank’s stock. National Bank Financial’s price objective would suggest a potential upside of 21.41% from the company’s previous close. National Bank Financial also issued estimates for Bank of Montreal’s Q2 2019 earnings at $2.11 EPS, FY2019 earnings at $9.52 EPS and FY2020 earnings at $10.07 EPS.
A number of other research analysts also recently issued reports on BMO. Eight Capital downgraded shares of Bank of Montreal from a “buy” rating to a “neutral” rating and decreased their target price for the company from C$124.00 to C$117.00 in a research report on Wednesday. Canaccord Genuity decreased their target price on shares of Bank of Montreal from C$118.00 to C$111.00 in a research report on Thursday, November 22nd. Barclays decreased their target price on shares of Bank of Montreal from C$110.00 to C$105.00 in a research report on Friday, November 16th. TD Securities downgraded shares of Bank of Montreal from a “buy” rating to a “hold” rating and decreased their target price for the company from C$120.00 to C$110.00 in a research report on Wednesday. Finally, Royal Bank of Canada boosted their target price on shares of Bank of Montreal from C$124.00 to C$126.00 and gave the company an “outperform” rating in a research report on Wednesday, August 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$112.27.
TSE BMO opened at C$93.90 on Wednesday. Bank of Montreal has a 1 year low of C$92.64 and a 1 year high of C$109.00.
In other Bank of Montreal news, insider Jean-Michel Ares sold 57,356 shares of the company’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of C$108.46, for a total value of C$6,220,831.76.
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, creditor insurance products, 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.
Featured Story: How to Profit and Limit Losses With Stop Orders