Bank of Montreal (TSE:BMO) PT Set at C$295.00 by Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods set a C$295.00 price target for Bank of Montreal and maintained an “outperform” rating, implying 22.66% upside from the prior close.
• Analyst sentiment is mixed: BMO has a consensus “Hold” rating and average target price of C$249.00, based on six Buy, five Hold, and one Sell rating.
• BMO shares rose 0.7% to C$240.50, while the bank reported quarterly EPS of C$3.67 and revenue of C$9.57 billion. Insiders have sold 45,004 shares worth approximately C$10.34 million over the past 90 days.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO received a C$295.00 target price from equities research analysts at Keefe, Bruyette & Woods in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the bank's stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 22.66% from the company's previous close.

BMO has been the topic of a number of other reports. Royal Bank Of Canada raised their target price on Bank of Montreal from C$205.00 to C$230.00 and gave the company a "sector perform" rating in a research note on Thursday, May 28th. Jefferies Financial Group raised their price target on shares of Bank of Montreal from C$213.00 to C$225.00 and gave the company a "hold" rating in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce cut Bank of Montreal from an "outperformer" rating to a "hold" rating and lifted their price target for the company from C$244.00 to C$272.00 in a report on Wednesday. Desjardins increased their price objective on Bank of Montreal from C$230.00 to C$260.00 and gave the stock a "hold" rating in a report on Wednesday, August 5th. Finally, TD raised their target price on Bank of Montreal from C$239.00 to C$263.00 and gave the company a "buy" rating in a research report on Wednesday, August 12th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$249.00.

Bank of Montreal Trading Up 0.7%

BMO stock traded up C$1.70 during trading on Friday, reaching C$240.50. The stock had a trading volume of 537,055 shares, compared to its average volume of 2,466,185. The firm has a fifty day moving average price of C$249.70 and a 200 day moving average price of C$219.35. The company has a market capitalization of C$168.45 billion, a P/E ratio of 18.47, a PEG ratio of 0.71 and a beta of 1.22. Bank of Montreal has a 1-year low of C$156.65 and a 1-year high of C$259.20.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO last posted its earnings results on Wednesday, May 27th. The bank reported C$3.67 EPS for the quarter. The company had revenue of C$9.57 billion during the quarter. Bank of Montreal had a return on equity of 11.25% and a net margin of 12.63%. Sell-side analysts predict that Bank of Montreal will post 9.6514585 EPS for the current year.

Insider Transactions at Bank of Montreal

In other Bank of Montreal news, insider Sharon Marie Haward-Laird sold 4,519 shares of the business's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of C$225.85, for a total value of C$1,020,616.15. Also, insider Mona Elizabeth Malone sold 4,517 shares of the company's stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$244.61, for a total transaction of C$1,104,903.37. Following the completion of the sale, the insider directly owned 1,758 shares of the company's stock, valued at C$430,024.38. The trade was a 71.98% decrease in their ownership of the stock. In the last 90 days, insiders have sold 45,004 shares of company stock valued at $10,339,904. Corporate 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.

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