UBS Group Issues Pessimistic Forecast for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its price target reduced by equities research analysts at UBS Group from C$150.00 to C$146.00 in a report released on Friday,BayStreet.CA reports. UBS Group's target price points to a potential upside of 1.54% from the stock's current price.

BMO has been the subject of a number of other research reports. Royal Bank of Canada upgraded Bank of Montreal from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from C$133.00 to C$161.00 in a report on Wednesday, January 8th. CIBC upgraded shares of Bank of Montreal from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from C$134.00 to C$150.00 in a research note on Friday, December 6th. National Bankshares increased their price objective on shares of Bank of Montreal from C$127.00 to C$148.00 in a research report on Wednesday, November 20th. Scotiabank upgraded shares of Bank of Montreal from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$147.00 to C$160.00 in a report on Friday, December 6th. Finally, Cibc World Mkts upgraded Bank of Montreal from a "hold" rating to a "strong-buy" rating in a report on Friday, December 6th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$139.58.

Bank of Montreal Price Performance

Shares of TSE BMO traded up C$0.57 on Friday, hitting C$143.78. The company's stock had a trading volume of 3,456,439 shares, compared to its average volume of 3,141,785. The stock has a 50 day moving average of C$141.47 and a 200-day moving average of C$129.53. The company has a market capitalization of C$104.14 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$147.54.

Insider Activity

In other news, Director William Darryl White sold 11,376 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$140.79, for a total value of C$1,601,592.91. Company insiders own 0.03% of the company's stock.

Bank of Montreal Company Profile

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.