Jefferies Financial Group Raises Bank of Montreal (TSE:BMO) Price Target to C$181.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target hoisted by equities researchers at Jefferies Financial Group from C$173.00 to C$181.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the bank’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 2.80% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Scotiabank set a C$179.00 target price on shares of Bank of Montreal and gave the company a “sector perform” rating in a research note on Tuesday. Desjardins lifted their price objective on shares of Bank of Montreal from C$156.00 to C$165.00 and gave the company a “hold” rating in a report on Wednesday, August 27th. National Bankshares lowered shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$173.00 to C$181.00 in a research note on Monday, November 17th. Raymond James Financial set a C$182.00 target price on Bank of Montreal and gave the company a “market perform” rating in a research report on Tuesday. Finally, Barclays upped their price target on Bank of Montreal from C$157.00 to C$177.00 and gave the stock an “equal weight” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$173.54.

Bank of Montreal Trading Up 0.8%

Shares of TSE:BMO opened at C$176.07 on Tuesday. Bank of Montreal has a 12-month low of C$121.31 and a 12-month high of C$182.90. The business has a 50 day moving average of C$176.45 and a two-hundred day moving average of C$162.31. The company has a market capitalization of C$126.12 billion, a PE ratio of 15.43, a PEG ratio of 0.71 and a beta of 1.38.

Insider Buying and Selling

In other news, insider Alan Tannenbaum sold 9,824 shares of the firm’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 value of C$1,720,408.35. Also, insider Steven Lloyd Tennyson sold 9,072 shares of Bank of Montreal 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 directly owned 21,866 shares in the company, valued at C$3,583,553.14. This represents 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 three months. Insiders own 0.03% of the company’s stock.

About Bank of Montreal

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.