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

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price lowered by equities research analysts at CIBC from C$156.00 to C$152.00 in a report issued on Wednesday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 8.27% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Canaccord Genuity Group upped their target price on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Desjardins upped their target price on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Scotiabank decreased their target price on shares of Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. National Bankshares upped 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, February 26th. Finally, Jefferies Financial Group upped their target price on shares of Bank of Montreal from C$140.00 to C$155.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$149.00.

Bank of Montreal Stock Down 1.5 %

BMO opened at C$140.39 on Wednesday. Bank of Montreal has a 52-week low of C$109.02 and a 52-week high of C$151.08. The company has a 50 day moving average of C$142.75 and a two-hundred day moving average of C$132.19. The company has a market cap of C$101.69 billion, a P/E ratio of 13.86, a P/E/G ratio of 0.71 and a beta of 1.16.

Insider Buying and Selling at Bank of Montreal

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

Bank of Montreal Company Profile

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.