Bank of Montreal (TSE:BMO) Price Target Raised to C$240.00 at Barclays

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price boosted by analysts at Barclays from C$203.00 to C$240.00 in a research note issued to investors on Friday,BayStreet.CA reports. Barclays‘s price target would indicate a potential downside of 0.21% from the company’s previous close.

Several other research analysts also recently commented on BMO. Desjardins boosted their target price on Bank of Montreal from C$230.00 to C$260.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Scotiabank increased their price target on Bank of Montreal from C$234.00 to C$239.00 and gave the company a “sector outperform” rating in a research note on Tuesday, June 16th. Canadian Imperial Bank of Commerce cut Bank of Montreal from an “outperformer” rating to a “hold” rating and upped their target price for the stock from C$244.00 to C$272.00 in a report on Wednesday. Royal Bank Of Canada increased 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 research report on Thursday, May 28th. Finally, TD lifted their price target on Bank of Montreal from C$239.00 to C$263.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Bank of Montreal presently has an average rating of “Hold” and an average target price of C$249.00.

Bank of Montreal Stock Performance

BMO traded up C$1.70 on Friday, reaching C$240.50. The company had a trading volume of 537,055 shares, compared to its average volume of 2,466,185. The stock has a market cap of C$168.45 billion, a P/E ratio of 18.47, a P/E/G ratio of 0.71 and a beta of 1.22. Bank of Montreal has a fifty-two week low of C$156.65 and a fifty-two week high of C$259.20. The company’s fifty day moving average is C$249.70 and its 200 day moving average is C$219.35.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings data on Wednesday, May 27th. The bank reported C$3.67 EPS for the quarter. Bank of Montreal had a return on equity of 11.25% and a net margin of 12.63%.The firm had revenue of C$9.57 billion for the quarter. On average, sell-side analysts expect that Bank of Montreal will post 9.6514585 EPS for the current year.

Insiders Place Their Bets

In other news, insider Sharon Marie Haward-Laird sold 4,519 shares of Bank of Montreal 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. Also, Director William Darryl White sold 27,167 shares of the business’s stock in a transaction 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 transaction, the director owned 87,166 shares in the company, valued at C$19,676,852.84. The trade was a 23.76% decrease in their position. Over the last three months, insiders sold 45,004 shares of company stock worth $10,339,904. 0.03% of the stock is owned by corporate insiders.

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.