TD Securities Boosts Bank of Montreal (TSE:BMO) Price Target to C$131.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target raised by investment analysts at TD Securities from C$114.00 to C$131.00 in a report issued on Friday,BayStreet.CA reports. TD Securities’ target price points to a potential downside of 0.24% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Scotiabank cut shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$123.00 to C$112.00 in a research report on Wednesday, August 28th. Jefferies Financial Group lowered their price target on shares of Bank of Montreal from C$141.00 to C$124.00 and set a “buy” rating for the company in a research report on Monday, August 12th. National Bankshares lowered their price target on shares of Bank of Montreal from C$131.00 to C$127.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Bank of America cut shares of Bank of Montreal from a “buy” rating to a “neutral” rating and lowered their price target for the stock from C$134.00 to C$117.00 in a research report on Wednesday, August 28th. Finally, CIBC lifted their price target on shares of Bank of Montreal from C$116.00 to C$120.00 in a research report on Friday, September 6th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$122.08.

Bank of Montreal Trading Up 0.0 %

Shares of TSE BMO opened at C$131.32 on Friday. 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 cap of C$95.79 billion, a PE ratio of 15.11, a P/E/G ratio of 0.71 and a beta of 1.16. The company has a 50-day moving average of C$123.80 and a two-hundred day moving average of C$120.95.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly 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 return on equity of 8.49% and a net margin of 21.20%. The business had revenue of C$8.19 billion for the quarter, compared to analyst estimates of C$8.23 billion. As a group, equities research analysts forecast that Bank of Montreal will post 9.6514585 earnings per share for the current year.

Insider Activity

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

About Bank of Montreal

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.