UBS Group Issues Pessimistic Forecast for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price dropped by investment analysts at UBS Group from C$150.00 to C$146.00 in a note issued to investors on Friday,BayStreet.CA reports. UBS Group’s price objective suggests a potential upside of 1.95% from the stock’s current price.

A number of other research firms also recently weighed in on BMO. Scotiabank upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$147.00 to C$160.00 in a research note on Friday, December 6th. National Bankshares lifted their price target on Bank of Montreal from C$127.00 to C$148.00 in a research note on Wednesday, November 20th. TD Securities boosted their target price on 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 report on Friday, December 6th. Finally, Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$133.00 to C$161.00 in a research report on Wednesday, January 8th. Five 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, Bank of Montreal currently has a consensus rating of “Moderate Buy” and a consensus price target of C$137.92.

Bank of Montreal Trading Up 0.5 %

TSE:BMO opened at C$143.21 on Friday. The firm has a market cap of C$103.73 billion, a P/E ratio of 14.14, a PEG ratio of 0.71 and a beta of 1.16. The stock’s 50 day simple moving average is C$141.46 and its 200-day simple moving average is C$129.24. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$147.54.

Insider Buying and Selling

In other news, Director William Darryl White sold 11,376 shares of the firm’s stock in a transaction dated 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. 0.03% of the stock is currently owned by company 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.