Bank of Montreal (TSE:BMO) Price Target Raised to C$263.00 at TD

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price hoisted by investment analysts at TD from C$239.00 to C$263.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the bank’s stock. TD’s price objective suggests a potential upside of 2.77% from the company’s previous close.

Other equities analysts have also issued reports about the company. Royal Bank Of Canada upped 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 report on Thursday, May 28th. Barclays lifted their price target on Bank of Montreal from C$199.00 to C$203.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Scotiabank boosted their price objective on Bank of Montreal from C$234.00 to C$239.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, June 16th. Canaccord Genuity Group upped their price objective on Bank of Montreal from C$242.00 to C$265.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Desjardins upped their price objective on Bank of Montreal from C$230.00 to C$260.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$233.83.

Bank of Montreal Trading Up 1.4%

Shares of BMO traded up C$3.57 during trading hours on Wednesday, reaching C$255.90. 632,916 shares of the stock traded hands, compared to its average volume of 2,497,831. The stock has a fifty day simple moving average of C$246.57 and a 200 day simple moving average of C$216.23. Bank of Montreal has a 52 week low of C$155.58 and a 52 week high of C$258.21. The company has a market cap of C$179.24 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 0.71 and a beta of 1.22.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings data on Wednesday, May 27th. The bank reported C$3.67 EPS for the quarter. Bank of Montreal had a net margin of 12.63% and a return on equity of 11.25%. The firm had revenue of C$9.57 billion during the quarter. Analysts predict that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

Insider Transactions at Bank of Montreal

In other news, Director William Darryl White sold 27,167 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of C$225.74, for a total transaction of C$6,132,678.58. Following the completion of the sale, the director owned 87,166 shares in the company, valued at C$19,676,852.84. This trade represents a 23.76% decrease in their position. Also, insider Sharon Marie Haward-Laird sold 4,519 shares of Bank of Montreal stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of C$225.85, for a total transaction of C$1,020,616.15. Insiders sold a total of 45,004 shares of company stock worth $10,339,904 in the last quarter. Insiders own 0.03% of the company’s stock.

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.