TD Securities Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

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

Several other research firms also recently issued reports on BMO. Bank of America upped their price objective on Bank of Montreal from C$179.00 to C$183.00 in a research note on Friday. Royal Bank Of Canada upped their price target on shares of Bank of Montreal from C$163.00 to C$178.00 in a research report on Friday. Canaccord Genuity Group raised their price target on shares of Bank of Montreal from C$192.00 to C$201.00 in a research note on Friday. Jefferies Financial Group boosted their price objective on shares of Bank of Montreal from C$181.00 to C$182.00 in a research note on Friday. Finally, Desjardins increased their price objective on Bank of Montreal from C$156.00 to C$165.00 and gave the company a “hold” rating in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$178.77.

Bank of Montreal Price Performance

Bank of Montreal stock traded up C$1.11 during mid-day trading on Friday, reaching C$177.93. 1,415,484 shares of the company were exchanged, compared to its average volume of 2,769,522. Bank of Montreal has a 12 month low of C$121.31 and a 12 month high of C$182.90. The firm has a market cap of C$127.45 billion, a PE ratio of 15.59, a PEG ratio of 0.71 and a beta of 1.39. 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 issued its earnings results on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. The firm had revenue of C$9.34 billion during the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%. Sell-side analysts anticipate that Bank of Montreal will post 9.6514585 earnings per share for the current year.

Insiders Place Their Bets

In other Bank of Montreal news, insider Alan Tannenbaum sold 9,824 shares of Bank of Montreal stock in a transaction 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. Company 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.