Bank of Montreal (TSE:BMO) Downgraded by Barclays to “Underperform”

Barclays lowered shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) from an equal weight rating to an underperform rating in a research report released on Friday morning,BayStreet.CA reports.

Other analysts have also issued research reports about the company. Raymond James Financial raised Bank of Montreal from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$183.00 to C$214.00 in a report on Friday, February 13th. Bank of America boosted their price target on Bank of Montreal from C$179.00 to C$183.00 in a report on Friday, December 5th. Jefferies Financial Group cut their price objective on shares of Bank of Montreal from C$197.00 to C$195.00 in a report on Thursday, February 26th. Canadian Imperial Bank of Commerce increased their target price on Bank of Montreal from C$209.00 to C$211.00 in a research report on Thursday, March 5th. Finally, TD Securities lifted their price target on shares of Bank of Montreal from C$209.00 to C$219.00 in a research report on Monday, February 9th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Bank of Montreal currently has a consensus rating of “Hold” and an average target price of C$202.50.

Bank of Montreal Stock Performance

TSE BMO opened at C$183.59 on Friday. Bank of Montreal has a one year low of C$121.31 and a one year high of C$204.57. The firm has a market cap of C$129.65 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.71 and a beta of 1.29. The firm has a 50 day simple moving average of C$191.98 and a 200-day simple moving average of C$182.28.

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.