Bank of Montreal (TSE:BMO) Price Target Cut to C$159.00 by Analysts at Scotiabank

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price cut by equities research analysts at Scotiabank from C$160.00 to C$159.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the bank’s stock. Scotiabank’s price objective indicates a potential upside of 11.47% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of Bank of Montreal from C$126.00 to C$140.00 in a research report on Tuesday. National Bankshares boosted their price target on shares of Bank of Montreal from C$127.00 to C$148.00 in a report on Wednesday, November 20th. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. CIBC boosted their target price on Bank of Montreal from C$150.00 to C$154.00 in a research note on Tuesday. Finally, UBS Group cut their price target on Bank of Montreal from C$150.00 to C$146.00 in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$139.50.

Bank of Montreal Trading Down 0.7 %

TSE:BMO traded down C$1.07 during mid-day trading on Thursday, reaching C$142.64. 499,574 shares of the stock were exchanged, compared to its average volume of 3,034,498. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$147.54. The business has a fifty day moving average price of C$141.51 and a 200 day moving average price of C$129.86. The firm has a market capitalization of C$103.31 billion, a PE ratio of 14.08, a PEG ratio of 0.71 and a beta of 1.16.

Insiders Place Their Bets

In other news, Director William Darryl White sold 11,376 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total value of C$1,601,592.91. Corporate insiders own 0.03% of the company’s stock.

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.