Bank of Montreal (TSE:BMO) Given a C$295.00 Price Target by Keefe, Bruyette & Woods Analysts

Bank of Montreal (TSE:BMO) (NYSE:BMO) received a C$295.00 price target from equities research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 22.66% from the stock’s previous close.

A number of other equities analysts have also commented on BMO. Desjardins raised their price objective on shares of Bank of Montreal from C$230.00 to C$260.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Barclays increased their target price on Bank of Montreal from C$203.00 to C$240.00 in a report on Friday. Jefferies Financial Group lifted their price target on Bank of Montreal from C$213.00 to C$225.00 and gave the company a “hold” rating in a report on Thursday, August 13th. Royal Bank Of Canada increased their price objective on 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, Canadian Imperial Bank of Commerce cut Bank of Montreal from an “outperformer” rating to a “hold” rating and lifted their target price for the company from C$244.00 to C$272.00 in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$249.00.

Bank of Montreal Stock Performance

BMO traded up C$1.70 during trading on Friday, reaching C$240.50. The company had a trading volume of 537,055 shares, compared to its average volume of 2,466,185. The firm’s 50-day simple moving average is C$249.70 and its 200 day simple moving average is C$219.35. The company has a market cap of C$168.45 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.71 and a beta of 1.22. Bank of Montreal has a 12-month low of C$156.65 and a 12-month high of C$259.20.

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

Insider Buying and Selling

In related news, insider Sharon Marie Haward-Laird sold 4,519 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were 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 Bank of Montreal stock in a transaction that occurred on Monday, June 1st. The shares were 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 of the company’s stock, valued at C$19,676,852.84. This trade represents a 23.76% decrease in their ownership of the stock. Over the last quarter, insiders have sold 45,004 shares of company stock worth $10,339,904. Insiders own 0.03% of the company’s stock.

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.