CIBC Lowers Bank of Montreal (TSE:BMO) Price Target to C$152.00

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its price objective reduced by stock analysts at CIBC from C$156.00 to C$152.00 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC's price target points to a potential upside of 6.51% from the company's current price.

Several other brokerages have also commented on BMO. Cibc World Mkts upgraded shares of Bank of Montreal from a "hold" rating to a "strong-buy" rating in a report on Friday, December 6th. Jefferies Financial Group raised their price target on Bank of Montreal from C$140.00 to C$155.00 and gave the company a "hold" rating in a report on Wednesday, February 26th. National Bankshares lifted their price objective on shares of Bank of Montreal from C$153.00 to C$161.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Desjardins upped their price objective on Bank of Montreal from C$147.00 to C$155.00 and gave the company a "hold" rating in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group boosted their target price on Bank of Montreal from C$143.00 to C$148.00 in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$149.00.

Bank of Montreal Stock Performance

TSE:BMO traded down C$1.47 during midday trading on Wednesday, reaching C$142.71. 1,343,913 shares of the stock traded hands, compared to its average volume of 3,123,634. The stock has a market capitalization of C$103.37 billion, a P/E ratio of 14.09, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 12 month low of C$109.02 and a 12 month high of C$151.08. The company has a fifty day moving average of C$142.66 and a 200 day moving average of C$131.91.

Insider Buying and Selling at Bank of Montreal

In other news, Senior Officer Nadim Hirji sold 3,238 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total value of C$482,024.87. Also, Director William Darryl White sold 11,376 shares of the company's stock in a transaction dated 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

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.