Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its price objective raised by research analysts at Canaccord Genuity Group from C$154.00 to C$165.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the bank's stock. Canaccord Genuity Group's price target indicates a potential upside of 10.92% from the company's current price.
BMO has been the topic of a number of other research reports. Jefferies Financial Group increased their price objective on shares of Bank of Montreal from C$126.00 to C$140.00 in a research note on Tuesday, February 18th. Scotiabank cut their price objective on shares of Bank of Montreal from C$160.00 to C$159.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Canaccord Genuity Group increased their price objective on shares of Bank of Montreal from C$143.00 to C$148.00 in a research note on Friday, December 6th. Desjardins increased their price objective on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, Cibc World Mkts upgraded shares of Bank of Montreal from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 6th. Six 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$149.31.
Check Out Our Latest Research Report on Bank of Montreal
Bank of Montreal Price Performance
Bank of Montreal stock remained flat at C$148.76 during mid-day trading on Wednesday. 4,409,136 shares of the company's stock were exchanged, compared to its average volume of 3,190,507. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$151.08. The firm has a market capitalization of C$107.75 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The company has a fifty day moving average price of C$142.40 and a two-hundred day moving average price of C$131.42.
Insider Buying and Selling at Bank of Montreal
In other Bank of Montreal 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 transaction of C$1,601,592.91. Insiders own 0.03% of the company's stock.
Bank of Montreal Company Profile
(
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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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