Bank of Montreal (TSE:BMO) Raised to Strong-Buy at Cibc World Mkts

Bank of Montreal (TSE:BMO) (NYSE:BMO) was upgraded by equities research analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

A number of other analysts have also weighed in on the company. Canaccord Genuity Group raised their target price on Bank of Montreal from C$180.00 to C$185.00 and gave the company a “buy” rating in a research note on Friday. Desjardins raised their target price on Bank of Montreal from C$156.00 to C$165.00 and gave the company a “hold” rating in a research note on Wednesday, August 27th. Barclays lifted their price objective on Bank of Montreal from C$150.00 to C$157.00 in a research report on Wednesday, August 27th. CIBC upgraded Bank of Montreal from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$173.00 to C$180.00 in a research report on Friday. Finally, Royal Bank Of Canada increased their price target on shares of Bank of Montreal from C$161.00 to C$168.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Bank of Montreal has a consensus rating of “Moderate Buy” and a consensus target price of C$167.42.

Bank of Montreal Price Performance

BMO opened at C$174.72 on Friday. The company has a market capitalization of C$125.15 billion, a P/E ratio of 15.31, a P/E/G ratio of 0.71 and a beta of 1.25. The firm’s fifty day moving average price is C$157.60 and its two-hundred day moving average price is C$145.93. Bank of Montreal has a fifty-two week low of C$110.94 and a fifty-two week high of C$175.61.

Insider Buying and Selling

In other Bank of Montreal news, Senior Officer Erminia Johannson sold 4,676 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of C$147.57, for a total value of C$690,023.29. Insiders own 0.03% of the company’s stock.

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.