Bank of Montreal (TSE:BMO) Rating Lowered to Underperform at Barclays

Bank of Montreal (TSE:BMO) (NYSE:BMO) was downgraded by analysts at Barclays from an “equal weight” rating to an “underperform” rating in a research report issued on Friday,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. Bank of America increased their price objective on Bank of Montreal from C$179.00 to C$183.00 in a report on Friday, December 5th. Jefferies Financial Group dropped their target price on shares of Bank of Montreal from C$197.00 to C$195.00 in a report on Thursday, February 26th. Canaccord Genuity Group increased their price target on shares of Bank of Montreal from C$218.00 to C$224.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Royal Bank Of Canada lifted their price target on shares of Bank of Montreal from C$178.00 to C$219.00 in a research report on Thursday, February 26th. Finally, Scotiabank boosted their price objective on shares of Bank of Montreal from C$191.00 to C$208.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 26th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$202.50.

Bank of Montreal Stock Down 2.2%

Shares of BMO traded down C$4.06 during mid-day trading on Friday, hitting C$183.57. 1,982,084 shares of the company’s stock traded hands, compared to its average volume of 2,632,315. Bank of Montreal has a 1 year low of C$121.31 and a 1 year high of C$204.57. The firm has a market capitalization of C$129.64 billion, a P/E ratio of 15.30, a PEG ratio of 0.71 and a beta of 1.29. The business’s 50-day moving average price is C$192.00 and its 200-day moving average price is C$182.16.

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.