National Bankshares Has Lowered Expectations for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective dropped by National Bankshares from C$161.00 to C$144.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the bank’s stock. National Bankshares’ price target suggests a potential upside of 15.39% from the company’s previous close.

Several other research firms have also weighed in on BMO. Scotiabank lowered their price objective on Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. TD Securities lifted their target price on Bank of Montreal from C$145.00 to C$152.00 and gave the stock a “hold” rating in a report on Tuesday, March 4th. Desjardins increased their price target on Bank of Montreal from C$147.00 to C$155.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. CIBC lowered shares of Bank of Montreal from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from C$152.00 to C$141.00 in a research note on Friday, April 4th. Finally, Canaccord Genuity Group boosted their target price on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Bank of Montreal currently has an average rating of “Hold” and an average price target of C$146.85.

Bank of Montreal Stock Down 0.7 %

BMO opened at C$124.79 on Monday. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$151.08. The company has a fifty day moving average of C$140.36 and a 200-day moving average of C$135.87. The stock has a market cap of C$90.39 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16.

Insider Activity

In other news, Senior Officer Nadim Hirji sold 3,238 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total value of C$482,024.87. Corporate insiders own 0.03% of the company’s stock.

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.