Bank of Montreal (TSE:BMO) Stock Price Expected to Rise, TD Securities Analyst Says

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

A number of other research analysts have also commented on the stock. National Bankshares upped 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 research report on Wednesday, February 26th. Royal Bank of Canada increased their target price on 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. 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 research report on Wednesday, February 26th. CIBC increased their price objective on Bank of Montreal from C$154.00 to C$156.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group lifted their price target on Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Bank of Montreal currently has a consensus rating of “Moderate Buy” and a consensus target price of C$149.31.

Bank of Montreal Stock Performance

Shares of Bank of Montreal stock traded down C$3.64 during trading on Tuesday, hitting C$143.83. 1,932,149 shares of the stock traded hands, compared to its average volume of 3,128,559. The stock has a market cap of C$104.18 billion, a P/E ratio of 14.20, a PEG ratio of 0.71 and a beta of 1.16. The company has a fifty day moving average price of C$142.56 and a two-hundred day moving average price of C$131.68. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$151.08.

Insiders Place Their Bets

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

About Bank of Montreal

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.