Bank of Montreal Price Target Increased to C$72.00 by Analysts at Keefe, Bruyette & Woods (BMO)

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Equities research analysts at Keefe, Bruyette & Woods increased their price target on shares of Bank of Montreal (TSE:BMO) from C$68.00 to C$72.00 in a research note issued to investors on Tuesday. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential downside of 3.72% from the company’s current price.

Shares of Bank of Montreal (TSE:BMO) opened at 74.78 on Tuesday. Bank of Montreal has a 52 week low of $58.68 and a 52 week high of $76.68. The stock’s 50-day moving average is $75.19 and its 200-day moving average is $72.59. The company has a market cap of $48.233 billion and a P/E ratio of 11.85.

A number of other firms have also recently commented on BMO. Analysts at Canaccord Genuity initiated coverage on shares of Bank of Montreal in a research note on Thursday, May 1st. They set a “hold” rating and a C$78.00 price target on the stock. Separately, analysts at CSFB raised their price target on shares of Bank of Montreal from C$77.00 to C$79.00 in a research note on Monday, March 17th. They now have an “outperform” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Bank of Montreal in a research note on Monday, March 17th. They now have a C$79.00 price target on the stock, up previously from C$77.00. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Bank of Montreal currently has a consensus rating of “Hold” and a consensus price target of C$76.00.

Bank of Montreal (TSE:BMO) is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services.

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