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BMO's price target raised to C$181, up 3.75%, despite "hold" rating and insider selling.
Bank of Montreal (BMO) saw its price target raised to C$181.00 by Jefferies Financial Group, reflecting a 3.75% upside from its previous close, while maintaining a “hold” rating.
The stock traded at C$174.46 midday Tuesday, up C$1.86, on below-average volume.
Analysts collectively rate BMO as a “hold” with a consensus target of C$173.54.
The bank, with a C$124.97 billion market cap, operates in Canadian and U.S. personal and commercial banking, wealth management, and capital markets.
Over the past 90 days, insiders sold about C$5.99 million in shares, including recent sales by executives Alan Tannenbaum and Steven Lloyd Tennyson.
El precio objetivo de BMO aumentó a C $ 181, un 3,75%, a pesar de la calificación "hold" y la venta de información privilegiada.