Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its target price dropped by research analysts at National Bankshares from C$161.00 to C$144.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the bank's stock. National Bankshares' price objective suggests a potential upside of 13.80% from the stock's current price.
Several other equities research analysts have also recently issued reports on BMO. Canaccord Genuity Group boosted their price objective on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Jefferies Financial Group increased their price objective on Bank of Montreal from C$140.00 to C$155.00 and gave the stock a "hold" rating in a research note on Wednesday, February 26th. Royal Bank of Canada set a C$163.00 target price on Bank of Montreal and gave the company an "outperform" rating in a research report on Monday, March 17th. Scotiabank dropped their price target on Bank of Montreal from C$160.00 to C$159.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Finally, Cibc World Mkts lowered shares of Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Bank of Montreal currently has a consensus rating of "Hold" and an average price target of C$146.85.
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Bank of Montreal Stock Performance
BMO stock traded up C$2.07 during midday trading on Monday, reaching C$126.54. The company's stock had a trading volume of 5,241,510 shares, compared to its average volume of 3,215,222. Bank of Montreal has a 1 year low of C$109.02 and a 1 year high of C$151.08. The firm has a market capitalization of C$91.65 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.71 and a beta of 1.16. The stock has a fifty day simple moving average of C$139.17 and a two-hundred day simple moving average of C$136.08.
Insider Transactions at Bank of Montreal
In other news, Senior Officer Nadim Hirji sold 3,238 shares of Bank of Montreal stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total transaction of C$482,024.87. Insiders own 0.03% of the company's stock.
About Bank of Montreal
(
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Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.
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