Bank of Montreal (TSE:BMO) Stock Rating Lowered by Cibc World Mkts

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO was downgraded by Cibc World Mkts from a "strong-buy" rating to a "hold" rating in a research report issued on Friday,Zacks.com reports.

Several other analysts have also recently commented on the stock. National Bankshares upped their target price on shares of Bank of Montreal from C$153.00 to C$161.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Desjardins increased their target price on Bank of Montreal from C$147.00 to C$155.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th. Jefferies Financial Group raised their target price on Bank of Montreal from C$140.00 to C$155.00 and gave the stock a "hold" rating in a report on Wednesday, February 26th. TD Securities upped their price target on Bank of Montreal from C$145.00 to C$152.00 and gave the company a "hold" rating in a research note on Tuesday, March 4th. Finally, CIBC lowered shares of Bank of Montreal from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from C$152.00 to C$141.00 in a research note on Friday, April 4th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of C$146.85.

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Bank of Montreal Trading Down 4.5 %

Shares of TSE:BMO traded down C$5.80 during trading on Friday, hitting C$123.70. 1,442,566 shares of the company's stock were exchanged, compared to its average volume of 3,127,079. The firm has a market cap of C$89.60 billion, a P/E ratio of 12.21, a PEG ratio of 0.71 and a beta of 1.16. The firm has a 50-day moving average price of C$139.78 and a two-hundred day moving average price of C$136.02. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$151.08.

Insider Activity

In other news, Senior Officer Nadim Hirji sold 3,238 shares of Bank of Montreal stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total value of C$482,024.87. Corporate 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.