CIBC Lowers Bank of Montreal (TSE:BMO) Price Target to C$152.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective reduced by stock analysts at CIBC from C$156.00 to C$152.00 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 6.51% from the company’s current price.

Several other brokerages have also commented on BMO. Cibc World Mkts upgraded shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Jefferies Financial Group raised their price target on Bank of Montreal from C$140.00 to C$155.00 and gave the company a “hold” rating in a report on Wednesday, February 26th. National Bankshares lifted their price objective on shares of Bank of Montreal from C$153.00 to C$161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Desjardins upped their price objective on Bank of Montreal from C$147.00 to C$155.00 and gave the company a “hold” rating in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group boosted their target price on Bank of Montreal from C$143.00 to C$148.00 in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$149.00.

Bank of Montreal Stock Performance

TSE:BMO traded down C$1.47 during midday trading on Wednesday, reaching C$142.71. 1,343,913 shares of the stock traded hands, compared to its average volume of 3,123,634. The stock has a market capitalization of C$103.37 billion, a P/E ratio of 14.09, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 12 month low of C$109.02 and a 12 month high of C$151.08. The company has a fifty day moving average of C$142.66 and a 200 day moving average of C$131.91.

Insider Buying and Selling at Bank of Montreal

In other news, Senior Officer Nadim Hirji sold 3,238 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total value of C$482,024.87. Also, Director William Darryl White sold 11,376 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$140.79, for a total transaction of C$1,601,592.91. 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.