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

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target raised by TD Securities from C$145.00 to C$152.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the bank’s stock. TD Securities’ target price indicates a potential upside of 6.59% from the stock’s previous close.

A number of other analysts also recently commented on BMO. Canaccord Genuity Group upped their price objective on Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. Jefferies Financial Group increased their target price on Bank of Montreal from C$140.00 to C$155.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Royal Bank of Canada boosted their target price on shares of Bank of Montreal from C$161.00 to C$163.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. National Bankshares upped their price objective 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. Finally, UBS Group raised their price objective on Bank of Montreal from C$146.00 to C$160.00 in a research note on Friday, February 28th. Six research 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 stock. According to MarketBeat.com, Bank of Montreal presently has a consensus rating of “Moderate Buy” and an average target price of C$149.00.

Bank of Montreal Trading Down 1.1 %

Shares of TSE:BMO opened at C$142.60 on Tuesday. The firm has a market cap of C$103.29 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 0.71 and a beta of 1.16. The stock’s 50-day moving average price is C$142.73 and its two-hundred day moving average price is C$132.13. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$151.08.

Insider Activity

In related 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 value of C$1,601,592.91. Also, Senior Officer Nadim Hirji sold 3,238 shares of the 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 transaction of C$482,024.87. Corporate insiders own 0.03% of the company’s stock.

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.