Jefferies Financial Group Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective raised by analysts at Jefferies Financial Group from C$126.00 to C$140.00 in a research note issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential downside of 2.74% from the stock’s current price.

Other analysts also recently issued research reports about the stock. TD Securities increased their target price on shares of Bank of Montreal from C$114.00 to C$131.00 in a research report on Friday, November 15th. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. National Bankshares upped their price target on Bank of Montreal from C$127.00 to C$148.00 in a research report on Wednesday, November 20th. CIBC raised Bank of Montreal from a “neutral” rating to an “outperform” rating and raised their price target for the company from C$134.00 to C$150.00 in a report on Friday, December 6th. Finally, UBS Group decreased their target price on Bank of Montreal from C$150.00 to C$146.00 in a research note on Friday. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Bank of Montreal presently has a consensus rating of “Moderate Buy” and a consensus target price of C$139.58.

Bank of Montreal Price Performance

Shares of BMO stock traded up C$0.74 during trading hours on Tuesday, reaching C$143.95. 451,583 shares of the stock were exchanged, compared to its average volume of 3,048,705. The firm has a market capitalization of C$104.26 billion, a P/E ratio of 14.21, a P/E/G ratio of 0.71 and a beta of 1.16. The business’s fifty day moving average is C$141.47 and its two-hundred day moving average is C$129.53. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$147.54.

Insider Transactions at Bank of Montreal

In other news, Director William Darryl White sold 11,376 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$140.79, for a total transaction of C$1,601,592.91. 0.03% of the stock is owned by 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.