Bank of Montreal (TSE:BMO) Given New C$209.00 Price Target at Canadian Imperial Bank of Commerce

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price hoisted by Canadian Imperial Bank of Commerce from C$199.00 to C$209.00 in a research note released on Friday morning,BayStreet.CA reports. Canadian Imperial Bank of Commerce currently has an outperform rating on the bank’s stock.

A number of other analysts also recently issued reports on BMO. Desjardins lifted their price objective on shares of Bank of Montreal from C$189.00 to C$195.00 and gave the stock a “hold” rating in a report on Monday, February 9th. Scotiabank raised their price target on Bank of Montreal from C$187.00 to C$191.00 in a research report on Friday, January 9th. National Bank Financial lowered Bank of Montreal from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from C$173.00 to C$181.00 in a research note on Monday, November 17th. Bank of America upped their price objective on Bank of Montreal from C$179.00 to C$183.00 in a report on Friday, December 5th. Finally, Raymond James Financial raised their price objective on Bank of Montreal from C$182.00 to C$183.00 in a report on Monday, December 8th. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Bank of Montreal has an average rating of “Hold” and an average price target of C$189.17.

Bank of Montreal Trading Up 0.7%

BMO stock opened at C$192.17 on Friday. The company’s 50 day moving average is C$184.86 and its 200 day moving average is C$175.94. The stock has a market cap of C$136.23 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. Bank of Montreal has a 1-year low of C$121.31 and a 1-year high of C$198.68.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share (EPS) for the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. The business had revenue of C$9.34 billion during the quarter. As a group, sell-side analysts forecast that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Bank of Montreal Company Profile

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.