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 research analysts at Scotiabank in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the bank’s stock. Scotiabank’s price objective would suggest a potential upside of 2.60% from the stock’s current price.

Several other analysts have also weighed in on BMO. Bank of America lifted their price objective on shares of Bank of Montreal from C$159.00 to C$176.00 in a research note on Wednesday, August 27th. TD Securities raised their price target on shares of Bank of Montreal from C$170.00 to C$182.00 in a report on Monday, November 10th. Royal Bank Of Canada downgraded shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$168.00 to C$163.00 in a research note on Friday, October 3rd. Raymond James Financial set a C$182.00 price objective on shares of Bank of Montreal and gave the stock a “market perform” rating in a research report on Tuesday. Finally, CIBC raised their target price on Bank of Montreal from C$180.00 to C$192.00 in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bank of Montreal presently has a consensus rating of “Hold” and an average price target of C$173.54.

Bank of Montreal Price Performance

Shares of Bank of Montreal stock traded up C$1.86 on Tuesday, hitting C$174.46. 943,489 shares of the company’s stock traded hands, compared to its average volume of 2,786,058. The company has a market capitalization of C$124.97 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. The company has a fifty day moving average of C$176.58 and a two-hundred day moving average of C$161.96. Bank of Montreal has a one year low of C$121.31 and a one year high of C$182.90.

Insider Buying and Selling at Bank of Montreal

In related news, insider Steven Lloyd Tennyson sold 9,072 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of C$163.89, for a total transaction of C$1,486,782.86. Following the transaction, the insider directly 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. Also, insider Alan Tannenbaum sold 9,824 shares of Bank of Montreal 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. In the last quarter, insiders sold 35,883 shares of company stock valued at $5,989,740. 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.