Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) had its target price hoisted by research analysts at Canaccord Genuity Group from C$240.00 to C$242.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the bank’s stock. Canaccord Genuity Group’s price target points to a potential upside of 5.31% from the company’s previous close.
Several other brokerages also recently commented on BMO. Canadian Imperial Bank of Commerce boosted their target price on Bank of Montreal from C$226.00 to C$244.00 and gave the stock an “outperformer” rating in a report on Thursday, May 28th. National Bank Financial boosted their target price on Bank of Montreal from C$223.00 to C$236.00 and gave the stock a “sector perform” rating in a report on Thursday, May 28th. Scotiabank boosted their target price on Bank of Montreal from C$209.00 to C$234.00 and gave the stock a “sector outperform” rating in a report on Monday. Royal Bank Of Canada boosted their target price on Bank of Montreal from C$205.00 to C$230.00 and gave the stock a “sector perform” rating in a report on Thursday, May 28th. Finally, Raymond James Financial boosted their target price on Bank of Montreal from C$227.00 to C$233.50 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Bank of Montreal presently has a consensus rating of “Hold” and a consensus price target of C$224.13.
Get Our Latest Analysis on Bank of Montreal
Bank of Montreal Stock Performance
Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) last released its quarterly earnings data on Wednesday, May 27th. The bank reported C$3.67 earnings per share for the quarter. Bank of Montreal had a return on equity of 11.25% and a net margin of 12.63%.The company had revenue of C$9.57 billion for the quarter. On average, sell-side analysts expect that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.
Insider Buying and Selling at Bank of Montreal
In other Bank of Montreal news, Director William Darryl White sold 27,167 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$225.74, for a total transaction of C$6,132,678.58. Following the transaction, the director owned 87,166 shares of the company’s stock, valued at approximately C$19,676,852.84. This represents a 23.76% decrease in their position. Also, insider Sharon Marie Haward-Laird sold 4,519 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$225.85, for a total value of C$1,020,616.15. In the last ninety days, insiders have sold 35,487 shares of company stock worth $8,011,751. Company 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.
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