Bank of Montreal (TSE:BMO) Price Target Raised to C$164.00

Key Points

• Analysts at Jefferies Financial Group increased the price target for Bank of Montreal from C$150.00 to C$164.00, indicating a potential upside of 4.32% from the stock's previous close.
• Several other research firms have also issued varying price targets, with a consensus rating of "Hold" and an average target price of C$148.46.
• As of Wednesday, the stock traded at C$157.21, with a market cap of C$113.87 billion and a 52-week range of C$109.22 to C$157.80.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its price target increased by analysts at Jefferies Financial Group from C$150.00 to C$164.00 in a research report issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group's target price suggests a potential upside of 4.32% from the stock's previous close.

Several other research firms have also weighed in on BMO. Canaccord Genuity Group set a C$166.00 target price on Bank of Montreal and gave the company a "buy" rating in a report on Tuesday, June 24th. UBS Group cut their target price on Bank of Montreal from C$160.00 to C$145.00 in a report on Thursday, May 22nd. Royal Bank Of Canada dropped their price objective on Bank of Montreal from C$163.00 to C$161.00 and set an "outperform" rating on the stock in a research note on Monday, June 9th. Desjardins lifted their price objective on Bank of Montreal from C$152.00 to C$156.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, National Bankshares set a C$144.00 price objective on Bank of Montreal and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Bank of Montreal has a consensus rating of "Hold" and a consensus price target of C$148.46.

Bank of Montreal Price Performance

BMO traded up C$1.14 during trading on Wednesday, reaching C$157.21. 717,204 shares of the stock traded hands, compared to its average volume of 2,991,968. The stock has a market cap of C$113.87 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a fifty-two week low of C$109.22 and a fifty-two week high of C$157.80. The stock's 50-day simple moving average is C$151.88 and its two-hundred day simple moving average is C$143.48.

Insider Transactions at Bank of Montreal

In related news, Senior Officer Erminia Johannson sold 4,676 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of C$147.57, for a total transaction of C$690,023.29. 0.03% of the stock is owned by corporate 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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