Bank of Montreal (TSE:BMO) PT Set at C$182.00 by Raymond James Financial

Bank of Montreal (TSE:BMO) (NYSE:BMO) has been given a C$182.00 price objective by stock analysts at Raymond James Financial in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “market perform” rating on the bank’s stock. Raymond James Financial’s price objective would suggest a potential upside of 3.37% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada cut Bank of Montreal from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$168.00 to C$163.00 in a research note on Friday, October 3rd. Scotiabank increased their target price on Bank of Montreal from C$169.00 to C$179.00 in a report on Friday, October 10th. Bank of America raised their price target on Bank of Montreal from C$159.00 to C$176.00 in a research report on Wednesday, August 27th. Canaccord Genuity Group boosted their price objective on 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. Finally, TD Securities raised their target price on shares of Bank of Montreal from C$170.00 to C$182.00 in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$173.54.

Bank of Montreal Stock Performance

Shares of Bank of Montreal stock opened at C$176.07 on Tuesday. Bank of Montreal has a 52-week low of C$121.31 and a 52-week high of C$182.90. The company has a fifty day moving average of C$176.45 and a 200-day moving average of C$162.31. The stock has a market capitalization of C$126.12 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38.

Insider Buying and Selling

In other Bank of Montreal news, insider Alan Tannenbaum sold 9,824 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were 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 company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of C$163.89, for a total transaction of C$1,486,782.86. Following the completion of the transaction, the insider owned 21,866 shares of the company’s stock, valued at C$3,583,553.14. This trade represents a 29.32% decrease in their ownership of the stock. In the last 90 days, insiders have sold 35,883 shares of company stock valued at $5,989,740. 0.03% of the stock is owned by corporate 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.