Bank of Montreal (TSE:BMO) Rating Increased to Buy at TD Securities

TD Securities upgraded shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) from a hold rating to a buy rating in a research note released on Wednesday morning,BayStreet.CA reports. TD Securities currently has C$209.00 price target on the bank’s stock, up from their previous price target of C$184.00.

BMO has been the topic of a number of other research reports. Barclays raised their target price on shares of Bank of Montreal from C$177.00 to C$181.00 and gave the company an “equal weight” rating in a research report on Friday, December 5th. Scotiabank boosted their price objective on Bank of Montreal from C$187.00 to C$191.00 in a research report on Friday, January 9th. National Bankshares cut Bank of Montreal from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$173.00 to C$181.00 in a report on Monday, November 17th. Raymond James Financial lifted their price target on Bank of Montreal from C$182.00 to C$183.00 in a research note on Monday, December 8th. Finally, Natl Bk Canada downgraded Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Bank of Montreal currently has an average rating of “Hold” and a consensus target price of C$185.17.

Bank of Montreal Stock Up 0.8%

TSE:BMO opened at C$188.81 on Wednesday. The stock’s 50-day simple moving average is C$180.66 and its 200 day simple moving average is C$173.04. The firm has a market capitalization of C$133.85 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 0.71 and a beta of 1.39. Bank of Montreal has a twelve month low of C$121.31 and a twelve month high of C$191.51.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its earnings results on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. The firm had revenue of C$9.34 billion during the quarter. On average, analysts anticipate that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

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.