National Bankshares Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its target price upped by investment analysts at National Bankshares from C$153.00 to C$161.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the bank's stock. National Bankshares' price target would suggest a potential upside of 8.23% from the company's previous close.

A number of other equities research analysts have also recently commented on BMO. TD Securities increased their price objective on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the company a "hold" rating in a research note on Wednesday. Canaccord Genuity Group increased their price objective on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the company a "buy" rating in a research note on Wednesday. UBS Group lowered their price objective on shares of Bank of Montreal from C$150.00 to C$146.00 in a research note on Friday, February 14th. Scotiabank lowered 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. Finally, 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. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bank of Montreal has an average rating of "Moderate Buy" and a consensus target price of C$149.31.

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Bank of Montreal Stock Performance

Shares of TSE:BMO remained flat at C$148.76 on Wednesday. 4,409,136 shares of the stock were exchanged, compared to its average volume of 3,190,507. Bank of Montreal has a fifty-two week low of C$109.02 and a fifty-two week high of C$151.08. The company has a market capitalization of C$107.75 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The stock's fifty day simple moving average is C$142.40 and its 200-day simple moving average is C$131.42.

Insider Buying and Selling at Bank of Montreal

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

About Bank of Montreal

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.