Raymond James Financial Increases Bank of Montreal (TSE:BMO) Price Target to C$268.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target increased by investment analysts at Raymond James Financial from C$233.50 to C$268.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the bank’s stock. Raymond James Financial’s target price indicates a potential upside of 4.73% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Scotiabank increased their price objective on Bank of Montreal from C$234.00 to C$239.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, June 16th. TD boosted their target price on shares of Bank of Montreal from C$239.00 to C$263.00 and gave the stock a “buy” rating in a research report on Wednesday. National Bank Financial upped their price target on shares of Bank of Montreal from C$223.00 to C$236.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 28th. Canaccord Genuity Group raised their price objective on shares of Bank of Montreal from C$242.00 to C$265.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Barclays raised their price objective on shares of Bank of Montreal from C$199.00 to C$203.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$233.83.

Bank of Montreal Price Performance

TSE BMO traded up C$3.57 on Wednesday, hitting C$255.90. 632,916 shares of the company’s stock were exchanged, compared to its average volume of 2,497,831. The firm’s 50-day moving average price is C$246.57 and its two-hundred day moving average price is C$216.23. Bank of Montreal has a fifty-two week low of C$155.58 and a fifty-two week high of C$258.21. The firm has a market cap of C$179.24 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 0.71 and a beta of 1.22.

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

Insider Buying and Selling at Bank of Montreal

In other news, 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. Also, insider Mona Elizabeth Malone sold 5,000 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of C$244.65, for a total value of C$1,223,250.00. Following the transaction, the insider directly owned 1,758 shares in the company, valued at approximately C$430,094.70. This represents a 73.99% decrease in their position. In the last three months, insiders sold 45,004 shares of company stock worth $10,339,904. 0.03% of the stock is 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.