Bank of Montreal (TSE:BMO) Given New C$239.00 Price Target at Scotiabank

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective boosted by analysts at Scotiabank from C$234.00 to C$239.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the bank’s stock. Scotiabank’s target price indicates a potential upside of 0.13% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. National Bank Financial upped 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. Desjardins upped their target price on Bank of Montreal from C$212.00 to C$230.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Jefferies Financial Group upped their target price on Bank of Montreal from C$195.00 to C$196.00 in a report on Wednesday, May 20th. Barclays upped their target price on Bank of Montreal from C$199.00 to C$203.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Finally, Royal Bank Of Canada upped 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. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$224.54.

Bank of Montreal Trading Up 1.4%

TSE BMO traded up C$3.19 during trading on Tuesday, hitting C$238.68. 718,463 shares of the company’s stock were exchanged, compared to its average volume of 2,555,328. The company has a market cap of C$168.25 billion, a PE ratio of 18.33, a P/E/G ratio of 0.71 and a beta of 1.26. Bank of Montreal has a fifty-two week low of C$143.35 and a fifty-two week high of C$239.07. The stock’s 50 day moving average price is C$213.30 and its two-hundred day moving average price is C$196.17.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its earnings results on Wednesday, May 27th. The bank reported C$3.67 earnings per share (EPS) for the quarter. Bank of Montreal had a return on equity of 11.25% and a net margin of 12.63%.The business had revenue of C$9.57 billion during the quarter. Analysts forecast that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

Insider Transactions at Bank of Montreal

In related news, insider Sharon Marie Haward-Laird sold 4,519 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of C$225.85, for a total transaction of C$1,020,616.15. Also, Director William Darryl White sold 27,167 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of C$225.74, for a total value of C$6,132,678.58. Following the sale, the director owned 87,166 shares in the company, valued at approximately C$19,676,852.84. The trade was a 23.76% decrease in their position. Insiders sold a total of 35,487 shares of company stock worth $8,011,751 in the last quarter. Corporate 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.