Bank of Montreal (TSE:BMO) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price lifted by Canaccord Genuity Group from C$192.00 to C$201.00 in a research report issued on Friday,BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 12.97% from the company’s current price.

BMO has been the subject of several other reports. TD Securities upped their price objective on Bank of Montreal from C$170.00 to C$182.00 in a research note on Monday, November 10th. Desjardins boosted their target price on 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. Scotiabank set a C$179.00 price target on Bank of Montreal and gave the stock a “sector perform” rating in a report on Tuesday, November 25th. Barclays lifted their price objective on shares of Bank of Montreal from C$157.00 to C$177.00 and gave the company an “equal weight” rating in a research report on Monday, November 24th. Finally, 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, November 25th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$178.77.

Bank of Montreal Stock Up 0.6%

TSE:BMO traded up C$1.11 during trading hours on Friday, reaching C$177.93. 1,415,484 shares of the company’s stock were exchanged, compared to its average volume of 2,769,522. The firm has a market capitalization of C$127.45 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 0.71 and a beta of 1.39. The company has a 50-day moving average of C$176.03 and a 200 day moving average of C$163.56. Bank of Montreal has a 1-year low of C$121.31 and a 1-year high of C$182.90.

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

Insider Buying and Selling at Bank of Montreal

In other news, insider Alan Tannenbaum sold 9,824 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of C$175.12, for a total transaction of C$1,720,408.35. 0.03% of the stock is currently owned by company 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.