Bank of Montreal (TSE:BMO) Price Target Raised to C$181.00 at Barclays

by · The Cerbat Gem

Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) had its price target upped by Barclays from C$177.00 to C$181.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Barclays‘s price objective suggests a potential upside of 1.73% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. Desjardins increased their price objective on shares of Bank of Montreal from C$156.00 to C$165.00 and gave the company a “hold” rating in a research note on Wednesday, August 27th. Natl Bk Canada lowered Bank of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday. Raymond James Financial set a C$182.00 price target on Bank of Montreal and gave the company a “market perform” rating in a report on Tuesday, November 25th. Scotiabank set a C$179.00 price target on Bank of Montreal and gave the stock a “sector perform” rating in a research report on Tuesday, November 25th. Finally, Royal Bank Of Canada upped their price objective on Bank of Montreal from C$163.00 to C$178.00 in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Bank of Montreal currently has a consensus rating of “Hold” and a consensus target price of C$178.77.

Check Out Our Latest Report on BMO

Bank of Montreal Trading Up 0.6%

BMO traded up C$1.11 during trading hours on Friday, hitting C$177.93. The company’s stock 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 P/E/G ratio of 0.71 and a beta of 1.39. The business’s 50-day moving average price is C$176.03 and its 200-day moving average price is C$163.56. Bank of Montreal has a 12 month low of C$121.31 and a 12 month high of C$182.90.

Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) last issued its quarterly earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share (EPS) for the quarter. The company 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%. On average, analysts forecast that Bank of Montreal will post 9.6514585 earnings per share for the current year.

Insiders Place Their Bets

In other Bank of Montreal news, insider Alan Tannenbaum sold 9,824 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of C$175.12, for a total value of C$1,720,408.35. Insiders own 0.03% of the company’s stock.

Bank of Montreal Company Profile

(Get Free Report)

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.

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