Barclays Downgrades Bank of Montreal (TSE:BMO) to Strong Sell

Bank of Montreal (TSE:BMO) (NYSE:BMO) was downgraded by equities researchers at Barclays from an “equal weight” rating to a “strong sell” rating in a research note issued on Friday, MarketBeat Ratings reports.

Several other equities research analysts have also commented on BMO. National Bank Financial upped their price target on shares of Bank of Montreal from C$186.00 to C$205.00 and gave the company a “sector perform” rating in a research report on Thursday, February 26th. TD Securities raised their price objective on shares of Bank of Montreal from C$209.00 to C$219.00 in a report on Monday, February 9th. Desjardins boosted their target price on shares of Bank of Montreal from C$195.00 to C$208.00 and gave the company a “hold” rating in a research report on Thursday, February 26th. Jefferies Financial Group reduced their target price on shares of Bank of Montreal from C$197.00 to C$195.00 in a report on Thursday, February 26th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Bank of Montreal from C$209.00 to C$211.00 in a research report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$202.50.

Bank of Montreal Stock Performance

Bank of Montreal stock opened at C$183.59 on Friday. Bank of Montreal has a one year low of C$121.31 and a one year high of C$204.57. The stock has a fifty day moving average of C$191.98 and a 200 day moving average of C$182.39. The stock has a market cap of C$129.42 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 0.71 and a beta of 1.29.

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.