Bank of Montreal (TSE:BMO) Price Target Raised to C$187.00 at Scotiabank

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target hoisted by analysts at Scotiabank from C$179.00 to C$187.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the bank’s stock. Scotiabank’s target price would indicate a potential upside of 5.10% from the company’s current price.

A number of other brokerages also recently weighed in on BMO. Royal Bank Of Canada raised their target price on shares of Bank of Montreal from C$163.00 to C$178.00 in a research note on Friday. Barclays raised their price objective on shares of Bank of Montreal from C$177.00 to C$181.00 and gave the company an “equal weight” rating in a research report on Friday. National Bankshares downgraded shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$173.00 to C$181.00 in a report on Monday, November 17th. Natl Bk Canada cut Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Bank of America raised their price target on Bank of Montreal from C$179.00 to C$183.00 in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$178.77.

Bank of Montreal Price Performance

BMO stock traded up C$1.11 during mid-day trading on Friday, reaching C$177.93. 1,415,484 shares of the company traded hands, compared to its average volume of 2,769,522. The company has a fifty day moving average price of C$176.03 and a 200-day moving average price of C$163.56. 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 market capitalization of C$127.45 billion, a P/E ratio of 15.59, a P/E/G ratio of 0.71 and a beta of 1.39.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings data on Thursday, December 4th. The bank reported C$3.28 earnings per share (EPS) for the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%.The company had revenue of C$9.34 billion for the quarter. As a group, analysts forecast that Bank of Montreal will post 9.6514585 EPS for the current year.

Insider Buying and Selling at Bank of Montreal

In other news, insider Alan Tannenbaum sold 9,824 shares of the 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. 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.