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

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective decreased by UBS Group from C$160.00 to C$145.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. UBS Group’s price objective suggests a potential upside of 1.28% from the stock’s previous close.

A number of other analysts have also issued reports on BMO. Canaccord Genuity Group lifted their price objective 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. TD Securities boosted their price target on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the company a “hold” rating in a report on Tuesday, March 4th. Scotiabank reduced their price target on shares of Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. CIBC cut shares of Bank of Montreal from an “outperform” rating to a “neutral” rating and cut their price objective for the company from C$152.00 to C$141.00 in a research note on Friday, April 4th. Finally, Jefferies Financial Group cut their price objective on Bank of Montreal from C$155.00 to C$129.00 in a report on Monday, April 21st. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$143.69.

Bank of Montreal Stock Performance

Bank of Montreal stock opened at C$143.17 on Tuesday. The company has a market capitalization of C$103.70 billion, a P/E ratio of 14.13, a PEG ratio of 0.71 and a beta of 1.16. The stock has a 50-day simple moving average of C$134.43 and a 200-day simple moving average of C$137.37. Bank of Montreal has a fifty-two week low of C$109.02 and a fifty-two week high of C$151.08.

Insider Buying and Selling at Bank of Montreal

In related news, Senior Officer Nadim Hirji sold 3,238 shares of Bank of Montreal stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total transaction of C$482,024.87. 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.