Desjardins Increases Bank of Montreal (TSE:BMO) Price Target to C$155.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price upped by investment analysts at Desjardins from C$147.00 to C$155.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the bank’s stock. Desjardins’ target price indicates a potential upside of 4.64% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. TD Securities upped their price target on shares of Bank of Montreal from C$114.00 to C$131.00 in a research report on Friday, November 15th. Royal Bank of Canada upgraded shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$133.00 to C$161.00 in a report on Wednesday, January 8th. UBS Group cut their price objective on shares of Bank of Montreal from C$150.00 to C$146.00 in a report on Friday, February 14th. Canaccord Genuity Group increased their price objective on shares of Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. Finally, Jefferies Financial Group increased their price objective on shares of Bank of Montreal from C$126.00 to C$140.00 in a report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Bank of Montreal presently has a consensus rating of “Moderate Buy” and a consensus price target of C$148.23.

Bank of Montreal Stock Performance

Shares of TSE BMO traded down C$0.97 during mid-day trading on Wednesday, hitting C$148.12. The stock had a trading volume of 939,252 shares, compared to its average volume of 3,075,055. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$151.08. The firm has a market cap of C$107.28 billion, a PE ratio of 14.62, a PEG ratio of 0.71 and a beta of 1.16. The company has a 50 day moving average of C$141.79 and a two-hundred day moving average of C$130.64.

Insider Activity at Bank of Montreal

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total transaction of C$1,601,592.91. 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.