Bank of Montreal (TSE:BMO) Stock Price Expected to Rise, Barclays Analyst Says

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price upped by equities researchers at Barclays from C$157.00 to C$177.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the bank’s stock. Barclays‘s price target indicates a potential upside of 2.70% from the stock’s current price.

BMO has been the subject of a number of other research reports. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. CIBC lifted their price objective on shares of Bank of Montreal from C$180.00 to C$192.00 in a research note on Wednesday, November 19th. Bank of America raised their price target on shares of Bank of Montreal from C$159.00 to C$176.00 in a report on Wednesday, August 27th. TD Securities lifted their price target on shares of Bank of Montreal from C$170.00 to C$182.00 in a research note on Monday, November 10th. Finally, National Bankshares cut shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$173.00 to C$181.00 in a research report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Bank of Montreal presently has an average rating of “Hold” and an average target price of C$172.17.

Bank of Montreal Stock Performance

Shares of TSE:BMO traded up C$1.71 during midday trading on Monday, hitting C$172.35. 732,476 shares of the company’s stock traded hands, compared to its average volume of 2,786,729. The firm’s fifty day moving average price is C$176.65 and its two-hundred day moving average price is C$161.72. Bank of Montreal has a twelve month low of C$121.31 and a twelve month high of C$182.90. The company has a market cap of C$123.46 billion, a PE ratio of 15.11, a P/E/G ratio of 0.71 and a beta of 1.38.

Insider Transactions at Bank of Montreal

In related news, insider Steven Lloyd Tennyson sold 9,072 shares of Bank of Montreal stock in a transaction dated Friday, August 29th. The shares were sold at an average price of C$163.89, for a total value of C$1,486,782.86. Following the sale, the insider directly owned 21,866 shares in the company, valued at C$3,583,553.14. This trade represents a 29.32% decrease in their position. Also, insider Alan Tannenbaum sold 9,824 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of C$175.12, for a total transaction of C$1,720,408.35. In the last ninety days, insiders sold 35,883 shares of company stock worth $5,989,740. Corporate insiders own 0.03% of the company’s stock.

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.