Bank of Montreal (TSE:BMO) Stock Price Expected to Rise, TD Securities Analyst Says

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price lifted by research analysts at TD Securities from C$145.00 to C$152.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the bank’s stock. TD Securities’ price target would suggest a potential upside of 2.62% from the stock’s previous close.

A number of other research analysts also recently commented on the company. CIBC increased their target price on Bank of Montreal from C$150.00 to C$154.00 in a report on Tuesday, February 18th. National Bankshares raised their price objective on Bank of Montreal from C$127.00 to C$148.00 in a research note on Wednesday, November 20th. Jefferies Financial Group raised their target price on Bank of Montreal from C$126.00 to C$140.00 in a research report on Tuesday, February 18th. Canaccord Genuity Group raised their target price on Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. Finally, Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$133.00 to C$161.00 in a research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$148.23.

Bank of Montreal Stock Down 0.7 %

Shares of TSE BMO traded down C$0.97 on Wednesday, hitting C$148.12. The company had a trading volume of 939,252 shares, compared to its average volume of 3,075,055. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$151.08. The business has a 50 day moving average of C$141.79 and a two-hundred day moving average of C$130.64. The firm has a market capitalization of C$107.28 billion, a P/E ratio of 14.62, a PEG ratio of 0.71 and a beta of 1.16.

Insider Activity

In related news, Director William Darryl White sold 11,376 shares of the company’s stock in a transaction on 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. 0.03% of the stock is owned by company insiders.

Bank of Montreal Company Profile

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.