Bank of Montreal (TSE:BMO) Price Target Cut to C$146.00 by Analysts at UBS Group

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective decreased by stock analysts at UBS Group from C$150.00 to C$146.00 in a research report issued on Friday,BayStreet.CA reports. UBS Group’s price target would suggest a potential upside of 1.83% from the stock’s current price.

BMO has been the topic of a number of other reports. CIBC upgraded shares of Bank of Montreal from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$134.00 to C$150.00 in a research report on Friday, December 6th. Scotiabank upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$147.00 to C$160.00 in a research report on Friday, December 6th. Canaccord Genuity Group lifted their price objective on Bank of Montreal from C$143.00 to C$148.00 in a research report on Friday, December 6th. TD Securities boosted their price objective on Bank of Montreal from C$114.00 to C$131.00 in a research note on Friday, November 15th. Finally, Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$133.00 to C$161.00 in a research note on Wednesday, January 8th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$137.92.

Bank of Montreal Stock Up 0.6 %

Bank of Montreal stock traded up C$0.85 during mid-day trading on Friday, hitting C$143.38. 524,726 shares of the company were exchanged, compared to its average volume of 3,084,075. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$147.54. The business has a fifty day moving average of C$141.53 and a 200 day moving average of C$129.14. The company has a market capitalization of C$103.85 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16.

Insider Transactions at Bank of Montreal

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of the firm’s stock in a transaction 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. 0.03% of the stock is owned by company 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.