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

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target hoisted by equities researchers at Canaccord Genuity Group from C$154.00 to C$165.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the bank’s stock. Canaccord Genuity Group’s target price points to a potential upside of 10.92% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Scotiabank dropped their target price on Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. National Bankshares lifted their target price on Bank of Montreal from C$127.00 to C$148.00 in a research report on Wednesday, November 20th. TD Securities lifted their target price on Bank of Montreal from C$114.00 to C$131.00 in a research report on Friday, November 15th. Royal Bank of Canada raised Bank of Montreal from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$133.00 to C$161.00 in a research report on Wednesday, January 8th. Finally, CIBC lifted their target price on Bank of Montreal from C$150.00 to C$154.00 in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$148.23.

Bank of Montreal Price Performance

TSE BMO opened at C$148.76 on Wednesday. The company has a market cap of C$107.75 billion, a P/E ratio of 14.68, a P/E/G ratio of 0.71 and a beta of 1.16. The stock has a 50-day moving average of C$142.20 and a two-hundred day moving average of C$131.03. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$151.08.

Insider Buying and Selling

In related 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 transaction of C$1,601,592.91. 0.03% of the stock is 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.