Bank of Montreal (TSE:BMO) Given a C$163.00 Price Target by Royal Bank of Canada Analysts

Bank of Montreal (TSE:BMO) (NYSE:BMO) received a C$163.00 price target from equities research analysts at Royal Bank of Canada in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the bank’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 16.68% from the company’s current price.

A number of other equities analysts also recently commented on the company. UBS Group lifted their price objective on Bank of Montreal from C$146.00 to C$160.00 in a research report on Friday, February 28th. Desjardins raised their price target on Bank of Montreal from C$147.00 to C$155.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group boosted their price objective on Bank of Montreal from C$143.00 to C$148.00 in a research report on Friday, December 6th. CIBC decreased their price objective on shares of Bank of Montreal from C$156.00 to C$152.00 in a research report on Wednesday, March 5th. Finally, National Bankshares increased their target price on Bank of Montreal from C$153.00 to C$161.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. 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’s stock. According to MarketBeat, Bank of Montreal has an average rating of “Moderate Buy” and an average target price of C$149.00.

Bank of Montreal Trading Up 0.4 %

BMO stock traded up C$0.53 during mid-day trading on Monday, reaching C$139.70. The company’s stock had a trading volume of 907,272 shares, compared to its average volume of 3,013,856. The company’s 50 day moving average is C$142.73 and its two-hundred day moving average is C$133.31. Bank of Montreal has a fifty-two week low of C$109.02 and a fifty-two week high of C$151.08. The stock has a market cap of C$101.19 billion, a PE ratio of 13.79, a P/E/G ratio of 0.71 and a beta of 1.16.

Insider Buying and Selling

In related news, Senior Officer Nadim Hirji sold 3,238 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total transaction of C$482,024.87. 0.03% of the stock is currently owned by corporate 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.