Bank of Montreal (TSE:BMO) Given New C$148.00 Price Target at National Bankshares

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price raised by equities researchers at National Bankshares from C$127.00 to C$148.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 12.79% from the company’s current price.

A number of other analysts have also recently commented on BMO. CIBC lifted their price objective on Bank of Montreal from C$116.00 to C$120.00 in a research report on Friday, September 6th. Canaccord Genuity Group upped their price objective on shares of Bank of Montreal from C$125.00 to C$143.00 in a research note on Tuesday. Scotiabank cut shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$123.00 to C$112.00 in a research note on Wednesday, August 28th. Bank of America lowered Bank of Montreal from a “buy” rating to a “neutral” rating and reduced their price target for the stock from C$134.00 to C$117.00 in a research note on Wednesday, August 28th. Finally, Jefferies Financial Group lowered their price objective on Bank of Montreal from C$141.00 to C$124.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$124.69.

Bank of Montreal Stock Performance

Bank of Montreal stock traded down C$0.19 during midday trading on Wednesday, reaching C$131.22. The company’s stock had a trading volume of 316,022 shares, compared to its average volume of 2,905,582. Bank of Montreal has a fifty-two week low of C$107.16 and a fifty-two week high of C$133.95. The firm has a market capitalization of C$95.71 billion, a PE ratio of 15.10, a P/E/G ratio of 0.71 and a beta of 1.16. The stock’s 50 day simple moving average is C$124.56 and its 200 day simple moving average is C$120.93.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings data on Tuesday, August 27th. The bank reported C$2.64 EPS for the quarter, missing analysts’ consensus estimates of C$2.72 by C($0.08). Bank of Montreal had a net margin of 21.20% and a return on equity of 8.49%. The business had revenue of C$8.19 billion during the quarter, compared to analyst estimates of C$8.23 billion. Equities 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, Senior Officer David Robert Casper sold 12,819 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$121.85, for a total value of C$1,562,007.97. Also, Senior Officer Steven Lloyd Tennyson sold 7,908 shares of Bank of Montreal stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of C$112.16, for a total value of C$886,977.10. 0.03% of the stock is owned by corporate insiders.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.