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

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target raised by stock analysts at National Bankshares from C$127.00 to C$148.00 in a report released on Wednesday,BayStreet.CA reports. National Bankshares’ price objective would indicate a potential upside of 11.92% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Canaccord Genuity Group lifted their target price on shares of Bank of Montreal from C$125.00 to C$143.00 in a research note on Tuesday. TD Securities lifted their price objective on shares of Bank of Montreal from C$114.00 to C$131.00 in a research note on Friday, November 15th. Royal Bank of Canada lowered their target price 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 research report on Wednesday, August 28th. Bank of America cut Bank of Montreal from a “buy” rating to a “neutral” rating and reduced their price target for the stock from C$134.00 to C$117.00 in a research report on Wednesday, August 28th. Finally, CIBC upped their price target on Bank of Montreal from C$116.00 to C$120.00 in a research note on Friday, September 6th. 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, the company has an average rating of “Hold” and a consensus target price of C$124.69.

Bank of Montreal Price Performance

TSE:BMO opened at C$132.24 on Wednesday. The stock has a market cap of C$96.46 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a fifty-two week low of C$107.16 and a fifty-two week high of C$133.95. The stock’s 50-day moving average is C$125.36 and its two-hundred day moving average is C$121.08.

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

Insiders Place Their Bets

In related news, Senior Officer David Robert Casper sold 12,819 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was 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 the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$112.16, for a total value of C$886,977.10. Insiders own 0.03% of the company’s stock.

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.