Scotiabank Lowers Bank of Montreal (TSE:BMO) Price Target to C$159.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price cut by research analysts at Scotiabank from C$160.00 to C$159.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the bank’s stock. Scotiabank’s price target suggests a potential upside of 11.22% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group boosted their target price on shares of Bank of Montreal from C$143.00 to C$148.00 in a research report on Friday, December 6th. TD Securities boosted their price objective on shares of Bank of Montreal from C$114.00 to C$131.00 in a report on Friday, November 15th. Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$133.00 to C$161.00 in a research note on Wednesday, January 8th. UBS Group dropped their price target on Bank of Montreal from C$150.00 to C$146.00 in a research note on Friday, February 14th. Finally, Jefferies Financial Group increased their price objective on Bank of Montreal from C$126.00 to C$140.00 in a report on Tuesday. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$139.50.

Bank of Montreal Trading Down 0.0 %

Shares of BMO opened at C$142.96 on Thursday. The firm has a market cap of C$103.55 billion, a PE ratio of 14.11, a P/E/G ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 12 month low of C$109.02 and a 12 month high of C$147.54. The stock has a fifty day moving average price of C$141.58 and a 200-day moving average price of C$130.04.

Insider Activity at Bank of Montreal

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$140.79, for a total value of C$1,601,592.91. 0.03% of the stock is currently owned by corporate 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.