CIBC Lowers Bank of Montreal (TSE:BMO) Price Target to C$120.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective dropped by research analysts at CIBC from C$125.00 to C$120.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the bank’s stock. CIBC’s price target indicates a potential downside of 5.34% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. TD Securities cut their price target on shares of Bank of Montreal from C$140.00 to C$135.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Jefferies Financial Group dropped their target price on shares of Bank of Montreal from C$144.00 to C$136.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. National Bankshares dropped their target price on shares of Bank of Montreal from C$141.00 to C$137.00 in a research note on Wednesday, February 28th. Cormark dropped their target price on shares of Bank of Montreal from C$128.00 to C$127.00 in a research note on Monday, December 4th. Finally, Bank of America raised shares of Bank of Montreal from a “neutral” rating to a “buy” rating and boosted their target price for the stock from C$120.00 to C$145.00 in a research note on Monday, December 18th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$132.39.

Bank of Montreal Trading Up 0.4 %

BMO stock traded up C$0.45 during trading on Friday, hitting C$126.77. 559,693 shares of the stock traded hands, compared to its average volume of 2,973,513. Bank of Montreal has a one year low of C$102.67 and a one year high of C$132.11. The stock has a market cap of C$91.95 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 0.54 and a beta of 1.18. The company has a 50 day simple moving average of C$127.00 and a 200 day simple moving average of C$118.61.

Insider Transactions at Bank of Montreal

In related news, Director Darrel Hackett sold 3,297 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$91.76, for a total transaction of C$302,532.72. 0.03% of the stock is owned by corporate insiders.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.