Bank of Montreal (TSE:BMO) Price Target Cut to C$159.00 by Analysts at Scotiabank

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its target price cut by equities research analysts at Scotiabank from C$160.00 to C$159.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the bank's stock. Scotiabank's price objective indicates a potential upside of 11.47% from the stock's previous close.

A number of other research analysts also recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of Bank of Montreal from C$126.00 to C$140.00 in a research report on Tuesday. National Bankshares boosted their price target on shares of Bank of Montreal from C$127.00 to C$148.00 in a report on Wednesday, November 20th. Cibc World Mkts upgraded Bank of Montreal from a "hold" rating to a "strong-buy" rating in a report on Friday, December 6th. CIBC boosted their target price on Bank of Montreal from C$150.00 to C$154.00 in a research note on Tuesday. Finally, UBS Group cut their price target on Bank of Montreal from C$150.00 to C$146.00 in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$139.50.

Bank of Montreal Trading Down 0.7 %

TSE:BMO traded down C$1.07 during mid-day trading on Thursday, reaching C$142.64. 499,574 shares of the stock were exchanged, compared to its average volume of 3,034,498. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$147.54. The business has a fifty day moving average price of C$141.51 and a 200 day moving average price of C$129.86. The firm has a market capitalization of C$103.31 billion, a PE ratio of 14.08, a PEG ratio of 0.71 and a beta of 1.16.

Insiders Place Their Bets

In other news, Director William Darryl White sold 11,376 shares of the stock in a transaction on 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. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.