Scotiabank Upgrades Bank of Montreal (TSE:BMO) to Hold

Bank of Montreal (TSE:BMO) (NYSE:BMO) was upgraded by equities research analysts at Scotiabank to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the company. UBS Group cut their price objective on Bank of Montreal from C$160.00 to C$145.00 in a report on Tuesday. Royal Bank of Canada set a C$163.00 price target on shares of Bank of Montreal and gave the company an “outperform” rating in a research report on Monday, March 17th. National Bankshares decreased their price objective on shares of Bank of Montreal from C$161.00 to C$144.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Desjardins raised their price objective on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. Finally, Jefferies Financial Group reduced their target price on Bank of Montreal from C$155.00 to C$129.00 in a report on Monday, April 21st. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$143.69.

Bank of Montreal Trading Up 0.1%

Shares of BMO opened at C$143.75 on Thursday. The stock has a market cap of C$104.12 billion, a PE ratio of 14.19, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 1 year low of C$109.02 and a 1 year high of C$151.08. The stock has a 50 day simple moving average of C$134.61 and a 200-day simple moving average of C$137.50.

Insider Activity at Bank of Montreal

In related news, Senior Officer Nadim Hirji sold 3,238 shares of the 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 value of C$482,024.87. 0.03% of the stock is owned by company 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.