UBS Group Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective boosted by research analysts at UBS Group from C$146.00 to C$160.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. UBS Group’s price objective would indicate a potential upside of 8.28% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group upped their price objective on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the stock a “buy” rating in a report on Wednesday. CIBC upped their price target on shares of Bank of Montreal from C$154.00 to C$156.00 and gave the stock an “outperform” rating in a research note on Wednesday. National Bankshares increased their price objective on shares of Bank of Montreal from C$153.00 to C$161.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank of Canada lifted their target price on shares of Bank of Montreal from C$161.00 to C$163.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Desjardins increased their price target on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the company a “hold” rating in a report on Wednesday. Six investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$149.31.

Bank of Montreal Stock Performance

Shares of TSE BMO traded down C$0.99 during mid-day trading on Friday, hitting C$147.77. 850,941 shares of the stock traded hands, compared to its average volume of 3,101,436. The stock has a fifty day moving average price of C$142.20 and a 200-day moving average price of C$131.03. The company has a market cap of C$107.03 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 52 week low of C$109.02 and a 52 week high of C$151.08.

Insider Transactions at Bank of Montreal

In related news, Director William Darryl White sold 11,376 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$140.79, for a total value of C$1,601,592.91. Company 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.