Bank of Montreal (TSE:BMO) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) had its price objective upped by analysts at Royal Bank Of Canada from C$230.00 to C$241.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 0.40% from the company’s current price.

Several other analysts also recently issued reports on BMO. Jefferies Financial Group increased their price target on Bank of Montreal from C$213.00 to C$225.00 and gave the company a “hold” rating in a report on Thursday, August 13th. National Bank Financial set a C$278.00 price objective on shares of Bank of Montreal and gave the stock a “sector perform” rating in a report on Monday. TD increased their price target on shares of Bank of Montreal from C$239.00 to C$263.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Barclays boosted their price objective on Bank of Montreal from C$203.00 to C$240.00 in a report on Friday, August 21st. Finally, Canaccord Genuity Group lifted their target price on Bank of Montreal from C$242.00 to C$265.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$257.36.

View Our Latest Report on Bank of Montreal

Bank of Montreal Stock Performance

TSE:BMO traded up C$0.11 during mid-day trading on Wednesday, hitting C$240.05. 1,596,867 shares of the company’s stock traded hands, compared to its average volume of 2,471,046. The firm’s 50 day simple moving average is C$249.92 and its 200 day simple moving average is C$220.37. Bank of Montreal has a 1 year low of C$163.04 and a 1 year high of C$259.20. The company has a market cap of C$168.14 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 0.71 and a beta of 1.22.

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) last released its earnings results on Tuesday, August 25th. The bank reported C$2.38 earnings per share (EPS) for the quarter. The company had revenue of C$9.90 billion for the quarter. Bank of Montreal had a net margin of 12.63% and a return on equity of 11.25%. On average, research analysts expect that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

Insider Transactions at Bank of Montreal

In related news, Director William Darryl White sold 27,167 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$225.74, for a total transaction of C$6,132,678.58. Following the completion of the transaction, the director directly owned 87,166 shares in the company, valued at C$19,676,852.84. This represents a 23.76% decrease in their position. Also, insider Sharon Marie Haward-Laird sold 4,519 shares of the firm’s stock in a transaction on 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. In the last ninety days, insiders have sold 45,004 shares of company stock worth $10,339,904. 0.03% of the stock is currently owned by company insiders.

Bank of Montreal News Roundup

Here are the key news stories impacting Bank of Montreal this week:

About Bank of Montreal

(Get Free Report)

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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Analyst Recommendations for Bank of Montreal (TSE:BMO)

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