Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its target price increased by equities research analysts at Canaccord Genuity Group from C$143.00 to C$148.00 in a note issued to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group's price target points to a potential upside of 1.15% from the stock's previous close.
BMO has been the topic of several other research reports. CIBC raised Bank of Montreal from a "neutral" rating to an "outperform" rating and lifted their target price for the company from C$134.00 to C$150.00 in a research note on Friday. Scotiabank raised shares of Bank of Montreal from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$147.00 to C$160.00 in a research report on Friday. Royal Bank of Canada cut their target price on shares of Bank of Montreal from C$118.00 to C$106.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 28th. Bank of America cut shares of Bank of Montreal from a "buy" rating to a "neutral" rating and lowered their price target for the company from C$134.00 to C$117.00 in a report on Wednesday, August 28th. Finally, Jefferies Financial Group cut their price objective on Bank of Montreal from C$141.00 to C$124.00 and set a "buy" rating for the company in a report on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$131.33.
Check Out Our Latest Stock Report on Bank of Montreal
Bank of Montreal Stock Up 4.7 %
Shares of Bank of Montreal stock traded up C$6.59 during midday trading on Friday, hitting C$146.32. The company's stock had a trading volume of 3,542,150 shares, compared to its average volume of 2,923,753. The firm has a market capitalization of C$106.73 billion, a P/E ratio of 16.84, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$147.54. The stock has a 50-day simple moving average of C$128.88 and a 200-day simple moving average of C$121.72.
Insider Activity
In other news, Senior Officer David Robert Casper sold 12,819 shares of Bank of Montreal stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$121.85, for a total value of C$1,562,007.97. 0.03% of the stock is currently owned by insiders.
Bank of Montreal Company Profile
(
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Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.
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