Bank of Montreal (TSE:BMO) Given a C$179.00 Price Target by Scotiabank Analysts

Bank of Montreal (TSE:BMO) (NYSE:BMO) has been assigned a C$179.00 price objective by equities researchers at Scotiabank in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the bank’s stock. Scotiabank’s price target would indicate a potential upside of 1.66% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Bank of America boosted their price target on shares of Bank of Montreal from C$159.00 to C$176.00 in a research report on Wednesday, August 27th. Canaccord Genuity Group upped their target price on shares of Bank of Montreal from C$180.00 to C$185.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Barclays increased their price target on shares of Bank of Montreal from C$157.00 to C$177.00 and gave the company an “equal weight” rating in a report on Monday. National Bankshares cut Bank of Montreal from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$173.00 to C$181.00 in a research note on Monday, November 17th. Finally, TD Securities upped their price objective on Bank of Montreal from C$170.00 to C$182.00 in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Bank of Montreal presently has a consensus rating of “Hold” and an average target price of C$173.54.

Bank of Montreal Price Performance

TSE BMO opened at C$176.07 on Tuesday. The stock has a market capitalization of C$126.12 billion, a PE ratio of 15.43, a P/E/G ratio of 0.71 and a beta of 1.38. The business has a 50 day simple moving average of C$176.45 and a two-hundred day simple moving average of C$162.31. Bank of Montreal has a 1-year low of C$121.31 and a 1-year high of C$182.90.

Insider Activity at Bank of Montreal

In other news, insider Alan Tannenbaum sold 9,824 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of C$175.12, for a total transaction of C$1,720,408.35. Also, insider Steven Lloyd Tennyson sold 9,072 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of C$163.89, for a total value of C$1,486,782.86. Following the completion of the sale, the insider owned 21,866 shares in the company, valued at approximately C$3,583,553.14. The trade was a 29.32% decrease in their ownership of the stock. Insiders have sold 35,883 shares of company stock valued at $5,989,740 in the last 90 days. Company 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.