Bank of Montreal (TSE:BMO) Price Target Raised to C$156.00

Key Points

• Bank of Montreal's target price was raised to C$156.00 by Desjardins from a previous C$152.00, while maintaining a "hold" rating on the stock.
• The bank's stock recently traded at C$157.21 with a market capitalization of C$113.87 billion and a 52-week price range between C$109.22 and C$157.80.
• Insider Erminia Johannson sold 4,676 shares of the stock at an average price of C$147.57, totaling approximately C$690,023.29.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its target price lifted by equities researchers at Desjardins from C$152.00 to C$156.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the bank's stock. Desjardins' target price indicates a potential downside of 0.77% from the company's current price.

Other equities analysts have also issued research reports about the company. National Bankshares set a C$144.00 target price on Bank of Montreal and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Scotiabank raised Bank of Montreal to a "hold" rating in a research report on Thursday, May 15th. CIBC boosted their target price on Bank of Montreal from C$150.00 to C$156.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Barclays lowered Bank of Montreal from a "strong-buy" rating to a "hold" rating and set a C$144.00 target price for the company. in a research report on Monday, June 9th. Finally, UBS Group decreased their target price on Bank of Montreal from C$160.00 to C$145.00 in a research report on Thursday, May 22nd. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Bank of Montreal currently has a consensus rating of "Hold" and a consensus price target of C$148.46.

Bank of Montreal Price Performance

Bank of Montreal stock traded up C$1.14 during mid-day trading on Wednesday, reaching C$157.21. The stock had a trading volume of 717,204 shares, compared to its average volume of 2,991,968. The company has a market capitalization of C$113.87 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 0.71 and a beta of 1.16. The company has a 50-day moving average price of C$151.88 and a two-hundred day moving average price of C$143.48. Bank of Montreal has a one year low of C$109.22 and a one year high of C$157.80.

Insider Transactions at Bank of Montreal

In other Bank of Montreal news, Senior Officer Erminia Johannson sold 4,676 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of C$147.57, for a total transaction of C$690,023.29. 0.03% of the stock is currently owned by company insiders.

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.

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