CIBC Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective raised by CIBC from C$150.00 to C$154.00 in a report released on Tuesday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 6.98% from the stock’s current price.

A number of other analysts have also recently commented on the company. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. TD Securities raised their price target on Bank of Montreal from C$114.00 to C$131.00 in a report on Friday, November 15th. UBS Group lowered their price objective on Bank of Montreal from C$150.00 to C$146.00 in a report on Friday. Canaccord Genuity Group lifted their price objective on Bank of Montreal from C$143.00 to C$148.00 in a research report on Friday, December 6th. Finally, Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$133.00 to C$161.00 in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$139.58.

Bank of Montreal Stock Up 0.5 %

Shares of Bank of Montreal stock traded up C$0.74 during mid-day trading on Tuesday, reaching C$143.95. 451,583 shares of the stock traded hands, compared to its average volume of 3,048,705. The business has a 50-day moving average of C$141.47 and a 200 day moving average of C$129.53. The stock has a market capitalization of C$104.26 billion, a PE ratio of 14.21, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a fifty-two week low of C$109.02 and a fifty-two week high of C$147.54.

Insider Activity at Bank of Montreal

In related news, Director William Darryl White sold 11,376 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$140.79, for a total value of C$1,601,592.91. 0.03% of the stock is currently owned by insiders.

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.