National Bankshares Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price lifted by equities researchers at National Bankshares from C$153.00 to C$161.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the bank’s stock. National Bankshares’ price target indicates a potential upside of 8.23% from the company’s current price.

A number of other research firms have also recently commented on BMO. UBS Group reduced their price target on Bank of Montreal from C$150.00 to C$146.00 in a report on Friday, February 14th. CIBC boosted their price objective on Bank of Montreal from C$150.00 to C$154.00 in a report on Tuesday, February 18th. TD Securities boosted their price objective on Bank of Montreal from C$145.00 to C$152.00 and gave the stock a “hold” rating in a report on Wednesday. Canaccord Genuity Group boosted their price objective on Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. Finally, Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$133.00 to C$161.00 in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bank of Montreal has a consensus rating of “Moderate Buy” and an average target price of C$148.23.

Bank of Montreal Stock Performance

Bank of Montreal stock opened at C$148.76 on Wednesday. Bank of Montreal has a 52 week low of C$109.02 and a 52 week high of C$151.08. The stock has a market capitalization of C$107.75 billion, a P/E ratio of 14.68, a PEG ratio of 0.71 and a beta of 1.16. The stock has a 50-day simple moving average of C$142.20 and a 200 day simple moving average of C$131.03.

Insider Activity

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total transaction of C$1,601,592.91. 0.03% of the stock is owned by company 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.