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

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective boosted by stock analysts at CIBC from C$141.00 to C$150.00 in a research report issued on Thursday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 5.14% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Desjardins upped their target price on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th. Scotiabank upgraded shares of Bank of Montreal to a “hold” rating in a research report on Thursday, May 15th. Canaccord Genuity Group upped their target price on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Cibc World Mkts lowered shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, TD Securities upped their target price on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the stock a “hold” rating in a research report on Tuesday, March 4th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Bank of Montreal currently has an average rating of “Hold” and a consensus target price of C$144.38.

Bank of Montreal Price Performance

BMO opened at C$142.67 on Thursday. The firm has a market cap of C$103.34 billion, a P/E ratio of 14.08, 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 company has a 50 day simple moving average of C$135.06 and a two-hundred day simple moving average of C$138.07.

Insiders Place Their Bets

In other Bank of Montreal news, Senior Officer Nadim Hirji sold 3,238 shares of the firm’s 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. 0.03% of the stock is currently owned by 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.