Bank of Montreal (TSE:BMO) Price Target Raised to C$148.00 at National Bankshares

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price increased by analysts at National Bankshares from C$127.00 to C$148.00 in a research report issued on Wednesday,BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 11.92% from the stock’s current price.

BMO has been the subject of several other reports. Desjardins dropped their price objective on Bank of Montreal from C$125.00 to C$120.00 and set a “hold” rating for the company in a research report on Wednesday, August 28th. CIBC upped their price objective on shares of Bank of Montreal from C$116.00 to C$120.00 in a research report on Friday, September 6th. Jefferies Financial Group decreased their target price on shares of Bank of Montreal from C$141.00 to C$124.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Cormark lowered their price objective on Bank of Montreal from C$129.00 to C$118.00 in a research note on Wednesday, August 28th. Finally, Scotiabank lowered Bank of Montreal from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$123.00 to C$112.00 in a research report on Wednesday, August 28th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Bank of Montreal presently has an average rating of “Hold” and a consensus target price of C$124.69.

Bank of Montreal Price Performance

Shares of TSE:BMO opened at C$132.24 on Wednesday. The business’s 50 day simple moving average is C$125.36 and its 200 day simple moving average is C$121.08. Bank of Montreal has a 1 year low of C$107.16 and a 1 year high of C$133.95. The company has a market capitalization of C$96.46 billion, a P/E ratio of 15.22, a P/E/G ratio of 0.71 and a beta of 1.16.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its earnings results on Tuesday, August 27th. The bank reported C$2.64 EPS for the quarter, missing the consensus estimate of C$2.72 by C($0.08). Bank of Montreal had a net margin of 21.20% and a return on equity of 8.49%. The firm had revenue of C$8.19 billion during the quarter, compared to the consensus estimate of C$8.23 billion. On average, sell-side analysts anticipate that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Insider Transactions at Bank of Montreal

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

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.