Bank of Montreal (TSE:BMO) Price Target Raised to C$134.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective boosted by analysts at CIBC from C$120.00 to C$134.00 in a note issued to investors on Tuesday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 0.59% from the stock’s previous close.

A number of other research analysts have also commented on BMO. Jefferies Financial Group decreased their price objective on Bank of Montreal from C$141.00 to C$124.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Canaccord Genuity Group boosted their target price on shares of Bank of Montreal from C$125.00 to C$143.00 in a research report on Tuesday, November 19th. TD Securities raised their price target on shares of Bank of Montreal from C$114.00 to C$131.00 in a research report on Friday, November 15th. National Bankshares lifted their price objective on shares of Bank of Montreal from C$127.00 to C$148.00 in a research note on Wednesday, November 20th. Finally, Cormark decreased their target price on shares of Bank of Montreal from C$129.00 to C$118.00 in a research report on Wednesday, August 28th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$128.50.

Bank of Montreal Stock Performance

Shares of BMO stock opened at C$133.21 on Tuesday. Bank of Montreal has a 52 week low of C$107.16 and a 52 week high of C$134.16. The company has a market capitalization of C$97.16 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.71 and a beta of 1.16. The company has a 50-day simple moving average of C$126.86 and a 200 day simple moving average of C$121.33.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings data on Tuesday, August 27th. The bank reported C$2.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.72 by C($0.08). The firm had revenue of C$8.19 billion for the quarter, compared to the consensus estimate of C$8.23 billion. Bank of Montreal had a return on equity of 8.49% and a net margin of 21.20%. Sell-side analysts forecast that Bank of Montreal will post 9.6514585 EPS for the current year.

Insider Buying and Selling at Bank of Montreal

In other news, Senior Officer Steven Lloyd Tennyson sold 7,908 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of C$112.16, for a total value of C$886,977.10. Also, Senior Officer David Robert Casper sold 12,819 shares of Bank of Montreal stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$121.85, for a total transaction of C$1,562,007.97. Company insiders own 0.03% of the company’s stock.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.