Bank of Montreal (TSE:BMO) Given New C$161.00 Price Target at National Bankshares

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price hoisted by investment analysts at National Bankshares from C$153.00 to C$161.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the bank’s stock. National Bankshares’ price objective indicates a potential upside of 8.70% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. TD Securities upped their target price on Bank of Montreal from C$145.00 to C$152.00 and gave the stock a “hold” rating in a report on Wednesday. Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$133.00 to C$161.00 in a research report on Wednesday, January 8th. Desjardins upped 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 report on Wednesday. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Finally, Scotiabank cut their price target on Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bank of Montreal currently has an average rating of “Moderate Buy” and a consensus target price of C$148.23.

Bank of Montreal Stock Down 0.7 %

Shares of TSE:BMO traded down C$0.97 during trading on Wednesday, reaching C$148.12. 939,252 shares of the company traded hands, compared to its average volume of 3,075,055. The company’s 50 day moving average is C$141.79 and its two-hundred day moving average is C$130.64. The firm has a market capitalization of C$107.28 billion, a PE ratio of 14.62, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 52 week low of C$109.02 and a 52 week high of C$151.08.

Insider Buying and Selling at Bank of Montreal

In other news, Director William Darryl White sold 11,376 shares of the stock in a transaction that occurred on 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 currently owned by corporate 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.