TD Securities Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target hoisted by analysts at TD Securities from C$145.00 to C$152.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the bank’s stock. TD Securities’ target price suggests a potential upside of 5.68% from the company’s current price.

A number of other analysts also recently commented on BMO. National Bankshares increased their price objective on shares of 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. CIBC increased their target price on shares of Bank of Montreal from C$154.00 to C$156.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Royal Bank of Canada boosted their price target on shares of Bank of Montreal from C$161.00 to C$163.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Jefferies Financial Group lifted their target price on shares of Bank of Montreal from C$140.00 to C$155.00 and gave the company a “hold” rating in a report on Wednesday, February 26th. Finally, Desjardins increased their price target on Bank of Montreal from C$147.00 to C$155.00 and gave the company a “hold” rating in a research report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$149.31.

Bank of Montreal Trading Down 2.5 %

TSE:BMO traded down C$3.64 during trading hours on Tuesday, reaching C$143.83. 1,932,149 shares of the company were exchanged, compared to its average volume of 3,128,559. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$151.08. The firm has a market cap of C$104.18 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The stock’s 50-day moving average is C$142.56 and its 200-day moving average is C$131.68.

Insider Buying and Selling at Bank of Montreal

In other Bank of Montreal news, Senior Officer Nadim Hirji sold 3,238 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total value of C$482,024.87. Also, Director William Darryl White sold 11,376 shares of the firm’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. 0.03% of the stock is owned by company 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.