TD Securities Raises Bank of Montreal (TSE:BMO) Price Target to C$131.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price upped by equities researchers at TD Securities from C$114.00 to C$131.00 in a report released on Friday,BayStreet.CA reports. TD Securities’ target price would indicate a potential downside of 0.24% from the stock’s previous close.

BMO has been the topic of a number of other research reports. National Bankshares lowered their target price on Bank of Montreal from C$131.00 to C$127.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Canaccord Genuity Group lowered their price objective on shares of Bank of Montreal from C$135.00 to C$130.00 and set a “buy” rating on the stock in a research note on Wednesday, August 28th. Desjardins cut their target price on shares of Bank of Montreal from C$125.00 to C$120.00 and set a “hold” rating for the company in a research note on Wednesday, August 28th. Jefferies Financial Group decreased their price target on shares of Bank of Montreal from C$141.00 to C$124.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Finally, Royal Bank of Canada dropped their price objective on shares of Bank of Montreal from C$118.00 to C$106.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 28th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Bank of Montreal presently has a consensus rating of “Hold” and a consensus price target of C$122.08.

Bank of Montreal Trading Up 0.0 %

TSE BMO opened at C$131.32 on Friday. Bank of Montreal has a 1 year low of C$107.16 and a 1 year high of C$133.95. The company has a fifty day simple moving average of C$123.80 and a 200 day simple moving average of C$120.95. The company has a market cap of C$95.79 billion, a P/E ratio of 15.11, a P/E/G ratio of 0.71 and a beta of 1.16.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings results on Tuesday, August 27th. The bank reported C$2.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.72 by C($0.08). The firm had revenue of C$8.19 billion for the quarter, compared to the consensus estimate of C$8.23 billion. Bank of Montreal had a net margin of 21.20% and a return on equity of 8.49%. Equities research analysts forecast that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Insider Transactions at Bank of Montreal

In related news, Senior Officer David Robert Casper sold 12,819 shares of Bank of Montreal stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$121.85, for a total transaction of C$1,562,007.97. Also, Senior Officer Steven Lloyd Tennyson sold 7,908 shares of Bank of Montreal stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of C$112.16, for a total transaction of C$886,977.10. 0.03% of the stock is owned by insiders.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.