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

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price raised by investment analysts at Bank of America from C$179.00 to C$183.00 in a research note issued to investors on Friday,BayStreet.CA reports. Bank of America‘s price target would indicate a potential upside of 2.85% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. 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 report on Tuesday, November 25th. Canaccord Genuity Group upped their price target on shares of Bank of Montreal from C$192.00 to C$201.00 in a research note on Friday. Royal Bank Of Canada raised their price target on shares of Bank of Montreal from C$163.00 to C$178.00 in a research report on Friday. National Bankshares lowered shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$173.00 to C$181.00 in a report on Monday, November 17th. Finally, Cibc World Mkts upgraded shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. One investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$178.77.

Bank of Montreal Trading Up 0.6%

BMO stock traded up C$1.11 during midday trading on Friday, hitting C$177.93. The company had a trading volume of 1,415,484 shares, compared to its average volume of 2,769,522. The stock has a market cap of C$127.45 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 0.71 and a beta of 1.39. Bank of Montreal has a 52 week low of C$121.31 and a 52 week high of C$182.90. The stock’s 50 day moving average price is C$176.03 and its 200 day moving average price is C$163.56.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings results on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. The business had revenue of C$9.34 billion during the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%. Analysts predict that Bank of Montreal will post 9.6514585 earnings per share for the current year.

Insider Buying and Selling at Bank of Montreal

In other news, insider Alan Tannenbaum sold 9,824 shares of the business’s 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. 0.03% of the stock is currently owned by company insiders.

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.