Jefferies Financial Group Forecasts Strong Price Appreciation for Bank of Montreal (TSE:BMO) Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price boosted by research analysts at Jefferies Financial Group from C$140.00 to C$155.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the bank’s stock. Jefferies Financial Group’s target price points to a potential upside of 4.19% from the company’s current price.

BMO has been the subject of a number of other reports. National Bankshares boosted their target price on shares of Bank of Montreal from C$153.00 to C$161.00 and gave the company an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group boosted their target price on shares of Bank of Montreal from C$143.00 to C$148.00 in a research note on Friday, December 6th. CIBC upped their price target on shares of Bank of Montreal from C$154.00 to C$156.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Securities upped their price target 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, UBS Group reduced their price target on shares of Bank of Montreal from C$150.00 to C$146.00 in a research note on Friday, February 14th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$148.23.

Bank of Montreal Stock Down 0.3 %

Bank of Montreal stock opened at C$148.76 on Wednesday. The firm has a 50-day moving average price of C$142.20 and a two-hundred day moving average price of C$131.03. The firm has a market capitalization 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. Bank of Montreal has a 52-week low of C$109.02 and a 52-week high of C$151.08.

Insider Activity at Bank of Montreal

In related news, Director William Darryl White sold 11,376 shares of the 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 transaction of C$1,601,592.91. Company insiders own 0.03% of the company’s stock.

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.