Bank of Montreal (TSE:BMO) Price Target Raised to C$155.00 at Desjardins

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price hoisted by stock analysts at Desjardins from C$147.00 to C$155.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the bank’s stock. Desjardins’ price target would indicate a potential upside of 4.64% from the company’s previous close.

Several other brokerages also recently issued reports on BMO. Cibc World Mkts raised Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Jefferies Financial Group raised their price target on Bank of Montreal from C$126.00 to C$140.00 in a research report on Tuesday, February 18th. UBS Group decreased their price target on Bank of Montreal from C$150.00 to C$146.00 in a research report on Friday, February 14th. TD Securities lifted their target price on Bank of Montreal from C$114.00 to C$131.00 in a research report on Friday, November 15th. Finally, CIBC lifted their target price on Bank of Montreal from C$150.00 to C$154.00 in a research report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$148.23.

Bank of Montreal Price Performance

Shares of BMO traded down C$0.97 during mid-day trading on Wednesday, hitting C$148.12. 939,252 shares of the company’s stock were exchanged, compared to its average volume of 3,075,055. Bank of Montreal has a 52 week low of C$109.02 and a 52 week high of C$151.08. The company has a 50-day simple moving average of C$141.79 and a 200 day simple moving average of C$130.64. The company has a market cap of C$107.28 billion, a PE ratio of 14.62, a P/E/G ratio of 0.71 and a beta of 1.16.

Insider Buying and Selling at Bank of Montreal

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of the business’s stock in a transaction dated 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. Insiders own 0.03% of the company’s stock.

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.