Bank of Montreal (TSE:BMO) Price Target Raised to C$134.00 at CIBC

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target boosted by research analysts at CIBC from C$120.00 to C$134.00 in a report issued on Tuesday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 1.19% from the stock’s current price.

Several other equities analysts have also weighed in on the company. Canaccord Genuity Group increased their target price on Bank of Montreal from C$125.00 to C$143.00 in a research note on Tuesday, November 19th. Royal Bank of Canada cut their target price on Bank of Montreal from C$118.00 to C$106.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 28th. Bank of America lowered Bank of Montreal from a “buy” rating to a “neutral” rating and cut their target price for the company from C$134.00 to C$117.00 in a research note on Wednesday, August 28th. Desjardins lowered their price target on Bank of Montreal from C$125.00 to C$120.00 and set a “hold” rating for the company in a report on Wednesday, August 28th. Finally, Scotiabank increased their price target on Bank of Montreal from C$112.00 to C$147.00 in a report on Monday. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Bank of Montreal currently has an average rating of “Hold” and a consensus price target of C$128.50.

Bank of Montreal Trading Down 0.9 %

Shares of BMO traded down C$1.22 during trading hours on Tuesday, hitting C$132.42. 398,696 shares of the stock traded hands, compared to its average volume of 2,908,189. Bank of Montreal has a 1-year low of C$107.16 and a 1-year high of C$134.16. The firm has a market capitalization of C$96.59 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The business has a fifty day moving average of C$126.18 and a 200-day moving average of C$121.19.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its earnings results on Tuesday, August 27th. The bank reported C$2.64 earnings per share for the quarter, missing the consensus estimate of C$2.72 by C($0.08). Bank of Montreal had a net margin of 21.20% and a return on equity of 8.49%. The company had revenue of C$8.19 billion during the quarter, compared to analyst estimates of C$8.23 billion. As a group, equities research analysts expect that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bank of Montreal news, Senior Officer David Robert Casper sold 12,819 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$121.85, for a total transaction of C$1,562,007.97. Also, Senior Officer Steven Lloyd Tennyson sold 7,908 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of C$112.16, for a total value of C$886,977.10. Corporate insiders own 0.03% of the company’s stock.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.