Bank of Montreal (TSE:BMO) Price Target Raised to C$131.00 at TD Securities

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its price objective upped by investment analysts at TD Securities from C$114.00 to C$131.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. TD Securities' target price would suggest a potential downside of 0.24% from the stock's previous close.

Several other analysts have also issued reports on the stock. Bank of America lowered shares of Bank of Montreal from a "buy" rating to a "neutral" rating and dropped their target price for the company from C$134.00 to C$117.00 in a research report on Wednesday, August 28th. Jefferies Financial Group cut their price objective on Bank of Montreal from C$141.00 to C$124.00 and set a "buy" rating for the company in a research note on Monday, August 12th. CIBC increased their target price on Bank of Montreal from C$116.00 to C$120.00 in a report on Friday, September 6th. Cormark lowered their price target on Bank of Montreal from C$129.00 to C$118.00 in a research note on Wednesday, August 28th. Finally, Royal Bank of Canada reduced their price objective on Bank of Montreal from C$118.00 to C$106.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 28th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Bank of Montreal presently has a consensus rating of "Hold" and a consensus target price of C$122.08.

Bank of Montreal Stock Performance

Shares of Bank of Montreal stock traded up C$0.02 on Friday, hitting C$131.32. The company's stock had a trading volume of 5,376,000 shares, compared to its average volume of 2,920,101. The company has a market capitalization of C$95.79 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 1 year low of C$107.16 and a 1 year high of C$133.95. The firm has a fifty day moving average price of C$123.80 and a 200-day moving average price of C$120.95.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO last announced its earnings results on Tuesday, August 27th. The bank reported C$2.64 earnings per share for the quarter, missing the consensus estimate of C$2.72 by C($0.08). Bank of Montreal had a return on equity of 8.49% and a net margin of 21.20%. The business had revenue of C$8.19 billion for the quarter, compared to analyst estimates of C$8.23 billion. As a group, analysts forecast that Bank of Montreal will post 9.6514585 EPS for the current year.

Insider Transactions at Bank of Montreal

In related news, Senior Officer Steven Lloyd Tennyson sold 7,908 shares of Bank of Montreal stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of C$112.16, for a total value of C$886,977.10. Also, Senior Officer David Robert Casper sold 12,819 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$121.85, for a total transaction of C$1,562,007.97. Insiders own 0.03% of the company's stock.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.