Bank of Montreal (TSE:BMO) Given a C$278.00 Price Target by National Bank Financial Analysts

Bank of Montreal (TSE:BMO) (NYSE:BMO) has been given a C$278.00 price target by investment analysts at National Bank Financial in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the bank’s stock. National Bank Financial’s price objective points to a potential upside of 16.44% from the company’s current price.

Several other equities analysts also recently commented on the stock. Scotiabank upped their price target on shares of Bank of Montreal from C$234.00 to C$239.00 and gave the company a “sector outperform” rating in a research note on Tuesday, June 16th. Barclays increased their target price on shares of Bank of Montreal from C$203.00 to C$240.00 in a research report on Friday. Royal Bank Of Canada raised their target price on shares of Bank of Montreal from C$205.00 to C$230.00 and gave the stock a “sector perform” rating in a report on Thursday, May 28th. TD lifted their price target on shares of Bank of Montreal from C$239.00 to C$263.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Finally, Desjardins boosted their price target on Bank of Montreal from C$230.00 to C$260.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$249.00.

Bank of Montreal Stock Down 0.6%

Shares of Bank of Montreal stock traded down C$1.51 on Monday, hitting C$238.74. The stock had a trading volume of 844,225 shares, compared to its average volume of 2,462,377. The stock has a market cap of C$167.22 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 0.71 and a beta of 1.22. Bank of Montreal has a twelve month low of C$157.45 and a twelve month high of C$259.20. The business’s 50 day moving average is C$249.80 and its two-hundred day moving average is C$219.71.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings results on Wednesday, May 27th. The bank reported C$3.67 earnings per share for the quarter. The business had revenue of C$9.57 billion during the quarter. Bank of Montreal had a return on equity of 11.25% and a net margin of 12.63%. As a group, equities analysts predict that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bank of Montreal news, insider Sharon Marie Haward-Laird sold 4,519 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of C$225.85, for a total value of C$1,020,616.15. Also, insider Mona Elizabeth Malone sold 4,517 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$244.61, for a total transaction of C$1,104,903.37. Following the completion of the transaction, the insider owned 1,758 shares of the company’s stock, valued at C$430,024.38. The trade was a 71.98% decrease in their ownership of the stock. Insiders have sold 45,004 shares of company stock worth $10,339,904 over the last ninety days. Corporate 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.