Bank of Montreal (TSE:BMO) Price Target Raised to C$157.00 at CIBC

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price raised by CIBC from C$148.00 to C$157.00 in a report issued on Monday morning, BayStreet.CA reports.

A number of other research firms also recently weighed in on BMO. Fundamental Research increased their target price on Bank of Montreal from C$128.42 to C$134.29 and gave the company a buy rating in a report on Wednesday, September 1st. Canaccord Genuity increased their target price on Bank of Montreal from C$143.00 to C$149.00 and gave the company an outperform rating in a report on Wednesday, August 25th. Barclays raised Bank of Montreal from an underperform rating to an equal weight rating and set a C$83.00 target price on the stock in a report on Tuesday, September 7th. Scotiabank upped their price target on Bank of Montreal from C$138.00 to C$147.00 in a research report on Tuesday, August 17th. Finally, Royal Bank of Canada upped their price target on Bank of Montreal from C$139.00 to C$146.00 and gave the stock a sector perform rating in a research report on Wednesday, August 25th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Buy and an average price target of C$139.95.

BMO stock opened at C$140.87 on Monday. Bank of Montreal has a fifty-two week low of C$93.33 and a fifty-two week high of C$141.00. The business’s 50-day moving average is C$132.52 and its two-hundred day moving average is C$127.81. The company has a market cap of C$91.30 billion and a price-to-earnings ratio of 13.14.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its earnings results on Tuesday, August 24th. The bank reported C$3.44 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.92 by C$0.52. The firm had revenue of C$7.56 billion during the quarter. On average, sell-side analysts anticipate that Bank of Montreal will post 12.6700007 EPS for the current year.

In other Bank of Montreal news, Senior Officer Joanna Michelle Rotenberg sold 36,574 shares of the firm’s stock in a transaction that occurred on Tuesday, September 21st. The stock was sold at an average price of C$125.55, for a total transaction of C$4,591,865.70. Also, Senior Officer Cameron Mcaskile Fowler sold 62,725 shares of the firm’s stock in a transaction that occurred on Friday, September 17th. The shares were sold at an average price of C$127.95, for a total value of C$8,025,663.75. Insiders have sold 122,591 shares of company stock valued at $15,620,474 in the last quarter.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers.

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Analyst Recommendations for Bank of Montreal (TSE:BMO)

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