Bank of Montreal (TSE:BMO) Given New C$182.00 Price Target at TD Securities

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target boosted by research analysts at TD Securities from C$170.00 to C$182.00 in a research report issued on Monday,BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 3.81% from the company’s current price.

Other analysts also recently issued reports about the company. Jefferies Financial Group increased their price objective on Bank of Montreal from C$164.00 to C$173.00 in a report on Wednesday, August 27th. Barclays upped their price target on Bank of Montreal from C$150.00 to C$157.00 in a research report on Wednesday, August 27th. Desjardins increased their price target on 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. Cibc World Mkts raised Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. Finally, CIBC upgraded Bank of Montreal from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$173.00 to C$180.00 in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Bank of Montreal currently has an average rating of “Moderate Buy” and a consensus target price of C$168.83.

Bank of Montreal Stock Up 1.1%

TSE BMO traded up C$1.94 on Monday, hitting C$175.32. The company’s stock had a trading volume of 756,809 shares, compared to its average volume of 2,817,421. The company’s 50-day moving average is C$176.63 and its 200 day moving average is C$158.94. The firm has a market cap of C$125.58 billion, a PE ratio of 15.37, a PEG ratio of 0.71 and a beta of 1.38. Bank of Montreal has a 1-year low of C$121.31 and a 1-year high of C$182.90.

Insiders Place Their Bets

In other Bank of Montreal news, insider Alan Tannenbaum sold 9,824 shares of Bank of Montreal stock in a transaction on 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. Also, insider Steven Lloyd Tennyson sold 9,072 shares of Bank of Montreal stock in a transaction on Friday, August 29th. The shares were sold at an average price of C$163.89, for a total transaction of C$1,486,782.86. Following the completion of the sale, the insider directly owned 21,866 shares of the company’s stock, valued at approximately C$3,583,553.14. This trade represents a 29.32% decrease in their ownership of the stock. Insiders have sold a total of 35,883 shares of company stock worth $5,989,740 in the last quarter. 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.