Bank of Montreal (TSE:BMO) Price Target Raised to C$165.00 at Canaccord Genuity Group

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target raised by Canaccord Genuity Group from C$154.00 to C$165.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the bank’s stock. Canaccord Genuity Group’s target price indicates a potential upside of 11.40% from the company’s previous close.

Several other research analysts also recently commented on BMO. Canaccord Genuity Group lifted their target price on Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. National Bankshares raised their target price on Bank of Montreal from C$127.00 to C$148.00 in a research report on Wednesday, November 20th. Cibc World Mkts raised Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. UBS Group cut their price target on Bank of Montreal from C$150.00 to C$146.00 in a report on Friday, February 14th. Finally, Royal Bank of Canada raised Bank of Montreal from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$133.00 to C$161.00 in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$148.23.

Bank of Montreal Price Performance

Bank of Montreal stock traded down C$0.97 during mid-day trading on Wednesday, reaching C$148.12. 939,252 shares of the company were exchanged, compared to its average volume of 3,075,055. Bank of Montreal has a 12 month low of C$109.02 and a 12 month high of C$151.08. The company has a fifty day simple moving average of C$141.79 and a 200-day simple moving average of C$130.64. The firm has a market cap of C$107.28 billion, a PE ratio of 14.62, a PEG ratio of 0.71 and a beta of 1.16.

Insider Transactions at Bank of Montreal

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of the stock in a transaction that occurred on 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. Company 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.