Jefferies Financial Group Raises Bank of Montreal (TSE:BMO) Price Target to C$182.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective hoisted by Jefferies Financial Group from C$181.00 to C$182.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Jefferies Financial Group’s price target points to a potential upside of 2.29% from the stock’s current price.

BMO has been the topic of a number of other research reports. CIBC increased their target price on Bank of Montreal from C$180.00 to C$192.00 in a research note on Wednesday, November 19th. Scotiabank set a C$179.00 price objective on Bank of Montreal and gave the stock a “sector perform” rating in a research report on Tuesday, November 25th. Bank of America lifted their target price on Bank of Montreal from C$159.00 to C$176.00 in a report on Wednesday, August 27th. Desjardins upped their price target on shares of Bank of Montreal from C$156.00 to C$165.00 and gave the company a “hold” rating in a research note on Wednesday, August 27th. Finally, TD Securities raised their price target on shares of Bank of Montreal from C$170.00 to C$182.00 in a research report on Monday, November 10th. One 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$178.77.

Bank of Montreal Stock Performance

BMO traded up C$1.11 during trading hours on Friday, reaching C$177.93. The company’s stock had a trading volume of 1,415,484 shares, compared to its average volume of 2,769,522. The company’s 50-day moving average is C$176.03 and its 200-day moving average is C$163.56. Bank of Montreal has a 52 week low of C$121.31 and a 52 week high of C$182.90. The firm has a market cap of C$127.45 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.71 and a beta of 1.39.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings data on Thursday, December 4th. The bank reported C$3.28 earnings per share for the quarter. The company had revenue of C$9.34 billion for the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. Equities analysts anticipate that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Alan Tannenbaum sold 9,824 shares of the stock in a transaction dated 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. 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.