Bank of Montreal (TSE:BMO) Given a C$182.00 Price Target by Raymond James Financial Analysts

Bank of Montreal (TSE:BMO) (NYSE:BMO) received a C$182.00 target price from research analysts at Raymond James Financial in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “market perform” rating on the bank’s stock. Raymond James Financial’s price objective would indicate a potential upside of 4.32% from the company’s current price.

A number of other analysts also recently issued reports on BMO. Barclays lifted their price target on Bank of Montreal from C$157.00 to C$177.00 and gave the stock an “equal weight” rating in a report on Monday. CIBC increased their price target on shares of Bank of Montreal from C$180.00 to C$192.00 in a research note on Wednesday, November 19th. Bank of America boosted their price objective on shares of Bank of Montreal from C$159.00 to C$176.00 in a research report on Wednesday, August 27th. Cibc World Mkts upgraded shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Finally, Royal Bank Of Canada lowered shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$168.00 to C$163.00 in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$173.54.

Bank of Montreal Price Performance

Shares of BMO traded up C$1.86 during midday trading on Tuesday, reaching C$174.46. The stock had a trading volume of 943,489 shares, compared to its average volume of 2,786,058. The company has a market cap of C$124.97 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 0.71 and a beta of 1.38. The company’s fifty day simple moving average is C$176.58 and its two-hundred day simple moving average is C$161.96. 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 the stock in a transaction on Thursday, September 11th. The stock was 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 the stock in a transaction dated 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 transaction, the insider owned 21,866 shares of the company’s stock, valued at C$3,583,553.14. This represents a 29.32% decrease in their position. Insiders have sold 35,883 shares of company stock worth $5,989,740 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

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.