Bank of Montreal (TSE:BMO) PT Set at C$173.00 by National Bankshares

Key Points

• National Bankshares has set a price target of C$173.00 for Bank of Montreal, indicating a potential 3.36% downside from its previous close.
• Multiple analysts have recently increased their price targets for the stock, with an average rating of "Moderate Buy" and a consensus target of C$167.42.
• Insiders at Bank of Montreal have sold a total of 35,883 shares in the last 90 days, amounting to approximately $5.99 million in transactions.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO has been assigned a C$173.00 price target by analysts at National Bankshares in a report released on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the bank's stock. National Bankshares' target price would suggest a potential downside of 3.36% from the stock's previous close.

Other research analysts also recently issued reports about the stock. Royal Bank Of Canada boosted their price objective on shares of Bank of Montreal from C$161.00 to C$168.00 and gave the company an "outperform" rating in a research report on Wednesday, August 27th. Barclays upped their price target on shares of Bank of Montreal from C$150.00 to C$157.00 in a report on Wednesday, August 27th. Canaccord Genuity Group upped their price target on shares of Bank of Montreal from C$180.00 to C$185.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Scotiabank increased their price objective on Bank of Montreal from C$148.00 to C$169.00 in a report on Wednesday, August 27th. Finally, TD Securities increased their price objective on Bank of Montreal from C$164.00 to C$170.00 and gave the company a "hold" rating in a report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$167.42.

Bank of Montreal Stock Performance

Shares of BMO stock traded down C$0.86 during trading on Monday, hitting C$179.01. The company had a trading volume of 684,981 shares, compared to its average volume of 2,854,590. The firm has a market capitalization of C$128.23 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 0.71 and a beta of 1.25. The stock's 50-day moving average price is C$162.23 and its 200 day moving average price is C$148.13. Bank of Montreal has a one year low of C$120.42 and a one year high of C$181.00.

Insider Transactions at Bank of Montreal

In related news, insider Alan Tannenbaum sold 9,824 shares of the company's stock in a transaction dated 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. Also, insider Steven Lloyd Tennyson sold 9,072 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of C$163.89, for a total transaction of C$1,486,782.86. Following the completion of the sale, the insider owned 21,866 shares of the company's stock, valued at approximately C$3,583,553.14. This trade represents a 29.32% decrease in their position. Insiders sold a total of 35,883 shares of company stock worth $5,989,740 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

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.

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