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

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target raised by analysts at CIBC from C$154.00 to C$156.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the bank’s stock. CIBC’s price objective indicates a potential upside of 4.87% from the company’s previous close.

A number of other research firms have also weighed in on BMO. Royal Bank of Canada raised their target price on shares of Bank of Montreal from C$161.00 to C$163.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group decreased their target price on shares of Bank of Montreal from C$150.00 to C$146.00 in a research note on Friday, February 14th. Jefferies Financial Group raised their target price on shares of Bank of Montreal from C$126.00 to C$140.00 in a research note on Tuesday, February 18th. TD Securities raised their target price on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, National Bankshares raised their target price on shares of Bank of Montreal from C$153.00 to C$161.00 and gave the stock an “outperform” rating in a research note on Wednesday. Six 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$148.23.

Bank of Montreal Trading Down 0.3 %

BMO stock opened at C$148.76 on Wednesday. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$151.08. The stock has a market cap of C$107.75 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 0.71 and a beta of 1.16. The business’s 50-day moving average is C$142.20 and its 200 day moving average is C$131.03.

Insider Activity at Bank of Montreal

In related news, Director William Darryl White sold 11,376 shares of Bank of Montreal 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. 0.03% of the stock is owned by 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.