Royal Bank of Canada Raises Bank of Montreal (TSE:BMO) Price Target to C$163.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price upped by analysts at Royal Bank of Canada from C$161.00 to C$163.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the bank’s stock. Royal Bank of Canada’s target price indicates a potential upside of 9.57% from the company’s current price.

BMO has been the topic of several other research reports. CIBC raised their price objective on shares of Bank of Montreal from C$150.00 to C$154.00 in a research report on Tuesday, February 18th. UBS Group decreased their target price on shares of Bank of Montreal from C$150.00 to C$146.00 in a research report on Friday, February 14th. Scotiabank decreased their target price 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 report on Thursday, February 20th. Canaccord Genuity Group raised their price target on shares of Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. Finally, Desjardins increased their price target on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a “hold” rating in a research note on Wednesday. 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$148.23.

Bank of Montreal Price Performance

Shares of TSE:BMO opened at C$148.76 on Wednesday. The firm has a fifty day moving average price of C$142.20 and a two-hundred day moving average price of C$131.03. The company has a market cap of C$107.75 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a one year low of C$109.02 and a one year high of C$151.08.

Insider Buying and Selling at Bank of Montreal

In other news, Director William Darryl White sold 11,376 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of C$140.79, for a total transaction of C$1,601,592.91. Company 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.