CIBC Boosts Bank of Montreal (TSE:BMO) Price Target to C$156.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective increased by stock analysts at CIBC from C$154.00 to C$156.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the bank’s stock. CIBC’s target price would indicate a potential upside of 5.20% from the stock’s current price.

BMO has been the topic of several other reports. Canaccord Genuity Group boosted their price objective on shares of Bank of Montreal from C$143.00 to C$148.00 in a research report on Friday, December 6th. Desjardins boosted their price target on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a “hold” rating in a report on Wednesday. Canaccord Genuity Group upped their price target on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the stock a “buy” rating in a report on Wednesday. National Bankshares lifted their price target on Bank of Montreal from C$153.00 to C$161.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, UBS Group decreased their price target on Bank of Montreal from C$150.00 to C$146.00 in a report on Friday, February 14th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$148.23.

Bank of Montreal Trading Down 0.5 %

Shares of BMO stock traded down C$0.80 during mid-day trading on Wednesday, reaching C$148.29. The stock had a trading volume of 997,761 shares, compared to its average volume of 3,076,588. The company has a market cap of C$107.41 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$151.08. The business has a 50-day simple moving average of C$141.79 and a 200 day simple moving average of C$130.64.

Insider Activity

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was 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.