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

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price increased by investment analysts at TD Securities from C$145.00 to C$152.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the bank’s stock. TD Securities’ price objective points to a potential upside of 2.62% from the company’s previous close.

Several other brokerages have also commented on BMO. Canaccord Genuity Group raised their price target on Bank of Montreal from C$154.00 to C$165.00 and gave the company a “buy” rating in a research note on Wednesday. Desjardins lifted their target price on Bank of Montreal from C$147.00 to C$155.00 and gave the company a “hold” rating in a research note on Wednesday. CIBC lifted their target price on Bank of Montreal from C$150.00 to C$154.00 in a research note on Tuesday, February 18th. UBS Group decreased their target price on Bank of Montreal from C$150.00 to C$146.00 in a report on Friday, February 14th. Finally, Scotiabank cut their price objective on Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$148.23.

Bank of Montreal Price Performance

Shares of TSE BMO traded down C$0.97 during midday trading on Wednesday, reaching C$148.12. 939,252 shares of the stock traded hands, compared to its average volume of 3,075,055. The stock has a market capitalization of C$107.28 billion, a PE ratio of 14.62, a P/E/G ratio of 0.71 and a beta of 1.16. The company’s 50 day moving average is C$141.79 and its 200 day moving average is C$130.64. Bank of Montreal has a one year low of C$109.02 and a one year high of C$151.08.

Insider Buying and Selling at Bank of Montreal

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of the stock in a transaction dated Friday, December 13th. The stock was 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 owned by corporate 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.