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

Bank of Montreal (TSE:BMO) (NYSE:BMO) was downgraded by analysts at Barclays from an “equal weight” rating to an “underperform” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports.

BMO has been the subject of a number of other research reports. Desjardins lifted their target price on Bank of Montreal from C$195.00 to C$208.00 and gave the stock a “hold” rating in a report on Thursday, February 26th. TD Securities lifted their price objective on Bank of Montreal from C$209.00 to C$219.00 in a report on Monday, February 9th. National Bank Financial boosted their target price on Bank of Montreal from C$186.00 to C$205.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 26th. Jefferies Financial Group lowered their target price on shares of Bank of Montreal from C$197.00 to C$195.00 in a research note on Thursday, February 26th. Finally, Raymond James Financial upgraded shares of Bank of Montreal from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$183.00 to C$214.00 in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Bank of Montreal presently has an average rating of “Hold” and a consensus price target of C$202.50.

Bank of Montreal Stock Performance

Shares of BMO traded down C$4.06 on Friday, hitting C$183.57. 1,982,084 shares of the stock traded hands, compared to its average volume of 2,632,315. Bank of Montreal has a one year low of C$121.31 and a one year high of C$204.57. The company has a market capitalization of C$129.64 billion, a PE ratio of 15.30, a P/E/G ratio of 0.71 and a beta of 1.29. The business has a 50 day simple moving average of C$192.00 and a 200 day simple moving average of C$182.16.

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.