Barclays Forecasts Strong Price Appreciation for Bank of Montreal (TSE:BMO) Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective hoisted by equities research analysts at Barclays from C$177.00 to C$181.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the bank’s stock. Barclays‘s target price would indicate a potential upside of 1.73% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of Bank of Montreal from C$192.00 to C$201.00 in a report on Friday. CIBC raised 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. Desjardins upped their target price on shares of Bank of Montreal from C$156.00 to C$165.00 and gave the stock a “hold” rating in a research note on Wednesday, August 27th. Royal Bank Of Canada increased their price target on shares of Bank of Montreal from C$163.00 to C$178.00 in a report on Friday. Finally, Jefferies Financial Group raised their price target on shares of Bank of Montreal from C$181.00 to C$182.00 in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$178.77.

Bank of Montreal Trading Up 0.6%

Shares of TSE:BMO traded up C$1.11 during trading on Friday, reaching C$177.93. 1,415,484 shares of the company traded hands, compared to its average volume of 2,769,522. The business’s fifty day moving average is C$176.03 and its 200-day moving average is C$163.56. Bank of Montreal has a 52-week low of C$121.31 and a 52-week high of C$182.90. The firm has a market capitalization of C$127.45 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 0.71 and a beta of 1.39.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings data on Thursday, December 4th. The bank reported C$3.28 earnings per share for the quarter. The firm had revenue of C$9.34 billion for the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%. On average, sell-side analysts predict that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

Insider Buying and Selling at Bank of Montreal

In related news, insider Alan Tannenbaum sold 9,824 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of C$175.12, for a total value of C$1,720,408.35. Company 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.