Bank of Montreal (TSE:BMO) Given New C$278.00 Price Target at National Bank Financial

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price increased by stock analysts at National Bank Financial from C$236.00 to C$278.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the bank’s stock. National Bank Financial’s price target indicates a potential upside of 8.29% from the stock’s previous close.

Several other brokerages also recently weighed in on BMO. TD raised their price target on Bank of Montreal from C$239.00 to C$263.00 and gave the stock a “buy” rating in a report on Wednesday. Raymond James Financial upped their price objective on shares of Bank of Montreal from C$233.50 to C$268.00 and gave the company an “outperform” rating in a report on Wednesday. Canadian Imperial Bank of Commerce increased their price objective on shares of Bank of Montreal from C$226.00 to C$244.00 and gave the company an “outperformer” rating in a research report on Thursday, May 28th. Royal Bank Of Canada lifted their target price on shares of Bank of Montreal from C$205.00 to C$230.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 28th. Finally, Canaccord Genuity Group boosted their target price on shares of Bank of Montreal from C$242.00 to C$265.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$239.75.

Bank of Montreal Stock Up 0.3%

Shares of Bank of Montreal stock traded up C$0.85 during trading on Thursday, reaching C$256.72. The company’s stock had a trading volume of 588,603 shares, compared to its average volume of 2,491,297. The company has a market cap of C$179.81 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 0.71 and a beta of 1.22. Bank of Montreal has a 1-year low of C$155.58 and a 1-year high of C$258.21. The company has a 50-day simple moving average of C$247.18 and a two-hundred day simple moving average of C$216.69.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its earnings results 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 firm had revenue of C$9.57 billion for the quarter. As a group, analysts anticipate that Bank of Montreal will post 9.6514585 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Mona Elizabeth Malone sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$244.65, for a total value of C$1,223,250.00. Following the sale, the insider directly owned 1,758 shares of the company’s stock, valued at C$430,094.70. This represents a 73.99% decrease in their position. Also, Director William Darryl White sold 27,167 shares of the 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 completion of the sale, the director owned 87,166 shares in the company, valued at C$19,676,852.84. The trade was a 23.76% decrease in their position. In the last ninety days, insiders sold 45,004 shares of company stock valued at $10,339,904. 0.03% of the stock is owned by 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.