Cibc World Mkts Downgrades Bank of Montreal (TSE:BMO) to Hold

Bank of Montreal (TSE:BMO) (NYSE:BMO) was downgraded by stock analysts at Cibc World Mkts from a “strong-buy” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

A number of other analysts also recently commented on BMO. Jefferies Financial Group upped their target price on Bank of Montreal from C$140.00 to C$155.00 and gave the stock a “hold” rating in a research note on Wednesday, February 26th. National Bankshares boosted their price target on Bank of Montreal from C$153.00 to C$161.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. CIBC cut shares of Bank of Montreal from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from C$152.00 to C$141.00 in a research note on Friday. Desjardins boosted their target price on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Finally, UBS Group raised their price target on shares of Bank of Montreal from C$146.00 to C$160.00 in a research report on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$148.15.

Bank of Montreal Price Performance

TSE BMO opened at C$127.04 on Friday. Bank of Montreal has a 1 year low of C$109.02 and a 1 year high of C$151.08. The company has a market capitalization of C$92.02 billion, a PE ratio of 12.54, a P/E/G ratio of 0.71 and a beta of 1.16. The company has a fifty day moving average of C$141.56 and a 200 day moving average of C$135.54.

Insider Buying and Selling at Bank of Montreal

In related news, Senior Officer Nadim Hirji sold 3,238 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total transaction of C$482,024.87. Insiders own 0.03% of the company’s stock.

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.