Barclays Downgrades Bank of Montreal (TSE:BMO) to Equal Weight

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO was downgraded by research analysts at Barclays from an "overweight" rating to an "equal weight" rating in a report released on Monday,BayStreet.CA reports. They currently have a C$144.00 price objective on the bank's stock. Barclays's target price points to a potential downside of 2.83% from the stock's previous close.

Several other analysts have also issued reports on BMO. Canaccord Genuity Group increased their price target on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. UBS Group cut their target price on Bank of Montreal from C$160.00 to C$145.00 in a research report on Thursday, May 22nd. Desjardins raised their target price on Bank of Montreal from C$147.00 to C$155.00 and gave the company a "hold" rating in a research report on Wednesday, February 26th. CIBC increased their price target on shares of Bank of Montreal from C$150.00 to C$156.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Royal Bank of Canada decreased their price objective on shares of Bank of Montreal from C$163.00 to C$161.00 and set an "outperform" rating for the company in a report on Monday. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of C$145.62.

Bank of Montreal Trading Down 0.1%

Shares of TSE:BMO traded down C$0.10 during trading on Monday, reaching C$148.19. 522,625 shares of the stock were exchanged, compared to its average volume of 3,200,411. The stock has a 50-day moving average price of C$136.70 and a 200-day moving average price of C$139.35. The firm has a market cap of C$107.33 billion, a PE ratio of 14.63, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 12 month low of C$109.02 and a 12 month high of C$151.08.

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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