Bank of Montreal (TSE:BMO) Price Target Raised to C$156.00

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its target price boosted by equities researchers at CIBC from C$154.00 to C$156.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the bank's stock. CIBC's target price would indicate a potential upside of 4.87% from the stock's previous close.

Other equities analysts have also issued reports about the company. Scotiabank dropped their target price on Bank of Montreal from C$160.00 to C$159.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. UBS Group dropped their target price on Bank of Montreal from C$150.00 to C$146.00 in a research note on Friday, February 14th. Jefferies Financial Group upped their target price on Bank of Montreal from C$126.00 to C$140.00 in a research note on Tuesday, February 18th. National Bankshares upped their price target on Bank of Montreal from C$153.00 to C$161.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, TD Securities upped their price target on Bank of Montreal from C$145.00 to C$152.00 and gave the stock a "hold" rating in a research note on Wednesday. Six equities research 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 MarketBeat.com, Bank of Montreal currently has an average rating of "Moderate Buy" and a consensus price target of C$149.31.

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Bank of Montreal Price Performance

Shares of TSE BMO remained flat at C$148.76 during trading on Wednesday. The stock had a trading volume of 4,409,136 shares, compared to its average volume of 3,190,507. The stock has a market capitalization of C$107.75 billion, a PE ratio of 14.68, a PEG ratio of 0.71 and a beta of 1.16. The business's fifty day simple moving average is C$142.40 and its 200-day simple moving average is C$131.42. Bank of Montreal has a 12 month low of C$109.02 and a 12 month high of C$151.08.

Insiders Place Their Bets

In other news, Director William Darryl White sold 11,376 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of C$140.79, for a total transaction of C$1,601,592.91. 0.03% of the stock is currently owned by company insiders.

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.