Bank of Montreal (TSE:BMO) Price Target Raised to C$155.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target hoisted by stock analysts at Jefferies Financial Group from C$140.00 to C$155.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the bank’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 4.52% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Canaccord Genuity Group raised their target price on Bank of Montreal from C$143.00 to C$148.00 in a research note on Friday, December 6th. Royal Bank of Canada upped their price objective on Bank of Montreal from C$161.00 to C$163.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group reduced their price objective on Bank of Montreal from C$150.00 to C$146.00 in a research note on Friday, February 14th. Canaccord Genuity Group boosted their price target 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. Finally, National Bankshares lifted their price target on shares of Bank of Montreal from C$153.00 to C$161.00 and gave the stock an “outperform” rating in a research note on Wednesday. Six investment 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$148.23.

Bank of Montreal Stock Down 0.5 %

TSE BMO traded down C$0.80 on Wednesday, reaching C$148.29. The company had a trading volume of 997,761 shares, compared to its average volume of 3,076,588. The stock has a market capitalization of C$107.41 billion, a P/E ratio of 14.64, a P/E/G ratio of 0.71 and a beta of 1.16. The company’s fifty day moving average is C$141.79 and its 200 day moving average is C$130.64. Bank of Montreal has a 52-week low of C$109.02 and a 52-week high of C$151.08.

Insider Transactions at Bank of Montreal

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of Bank of Montreal 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. 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.