Bank of Montreal (TSE:BMO) Given New C$184.00 Price Target at TD Securities

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price raised by TD Securities from C$182.00 to C$184.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the bank’s stock. TD Securities’ price target suggests a potential upside of 3.41% from the company’s current price.

Other analysts have also issued research reports about the company. Natl Bk Canada lowered Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Monday. Scotiabank set a C$179.00 target price on shares of Bank of Montreal and gave the stock a “sector perform” rating in a report on Tuesday, November 25th. Bank of America lifted their target price on shares of Bank of Montreal from C$179.00 to C$183.00 in a research note on Friday. Royal Bank Of Canada lifted their price objective on Bank of Montreal from C$163.00 to C$178.00 in a research report on Friday. Finally, CIBC boosted their price objective on shares of Bank of Montreal from C$180.00 to C$192.00 in a research note on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$178.77.

Bank of Montreal Price Performance

Shares of Bank of Montreal stock traded up C$1.11 during trading hours on Friday, hitting C$177.93. 1,415,484 shares of the company’s stock traded hands, compared to its average volume of 2,769,522. The stock has a market capitalization of C$127.45 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 0.71 and a beta of 1.39. Bank of Montreal has a 12-month low of C$121.31 and a 12-month high of C$182.90. The company has a fifty day simple moving average of C$176.03 and a 200-day simple moving average of C$163.56.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings data on Thursday, December 4th. The bank reported C$3.28 earnings per share (EPS) for the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%.The business had revenue of C$9.34 billion for the quarter. On average, analysts forecast that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Insider Buying and Selling at Bank of Montreal

In related news, insider Alan Tannenbaum sold 9,824 shares of the firm’s stock in a transaction that occurred on 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. 0.03% of the stock is 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.