Bank of Montreal (TSE:BMO) Stock Price Expected to Rise, CIBC Analyst Says

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its price target hoisted by CIBC from C$150.00 to C$154.00 in a report issued on Tuesday,BayStreet.CA reports. CIBC's price objective would indicate a potential upside of 7.72% from the company's previous close.

A number of other research firms have also recently weighed in on BMO. 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. Canaccord Genuity Group upped their price target on shares of Bank of Montreal from C$143.00 to C$148.00 in a report 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 Bank of Montreal from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from C$147.00 to C$160.00 in a research report on Friday, December 6th. Finally, UBS Group reduced their price target on Bank of Montreal from C$150.00 to C$146.00 in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Bank of Montreal presently has an average rating of "Moderate Buy" and an average target price of C$139.50.

Bank of Montreal Stock Performance

BMO stock traded down C$0.03 during midday trading on Tuesday, reaching C$142.96. 2,861,922 shares of the company traded hands, compared to its average volume of 3,068,703. The firm has a market capitalization of C$103.55 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 0.71 and a beta of 1.16. The business has a 50 day moving average of C$141.58 and a 200-day moving average of C$130.04. Bank of Montreal has a 52-week low of C$109.02 and a 52-week high of C$147.54.

Insider Buying and Selling at Bank of Montreal

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of Bank of Montreal 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. 0.03% of the stock is owned by 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.