UBS Group Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target boosted by equities research analysts at UBS Group from C$146.00 to C$160.00 in a report issued on Friday,BayStreet.CA reports. UBS Group’s target price indicates a potential upside of 8.28% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group increased their price target on shares of Bank of Montreal from C$140.00 to C$155.00 and gave the company a “hold” rating in a report on Wednesday. Royal Bank of Canada increased their price target on shares of Bank of Montreal from C$161.00 to C$163.00 and gave the stock an “outperform” rating in a research report on Wednesday. Desjardins upped their price objective on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a “hold” rating in a research report on Wednesday. National Bankshares raised their price objective on Bank of Montreal from C$153.00 to C$161.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, CIBC boosted their price target on Bank of Montreal from C$154.00 to C$156.00 and gave the stock an “outperform” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$149.31.

Bank of Montreal Stock Down 0.7 %

TSE BMO traded down C$0.99 during trading on Friday, reaching C$147.77. 850,941 shares of the stock traded hands, compared to its average volume of 3,101,436. Bank of Montreal has a fifty-two week low of C$109.02 and a fifty-two week high of C$151.08. The firm has a market cap of C$107.03 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The stock’s 50-day moving average price is C$142.20 and its 200 day moving average price is C$131.03.

Insider Buying and Selling at Bank of Montreal

In related news, Director William Darryl White sold 11,376 shares of Bank of Montreal stock in a transaction on Friday, December 13th. The shares were 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 company insiders.

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.