Bank of Montreal (TSE:BMO) Given New C$196.00 Price Target at Barclays

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target boosted by analysts at Barclays from C$181.00 to C$196.00 in a note issued to investors on Thursday,BayStreet.CA reports. Barclays‘s price target indicates a potential upside of 0.34% from the company’s previous close.

Several other brokerages also recently commented on BMO. TD Securities boosted their price objective on shares of Bank of Montreal from C$209.00 to C$219.00 in a research report on Monday, February 9th. National Bank Financial lifted their price target on Bank of Montreal from C$181.00 to C$186.00 and gave the company a “sector perform” rating in a research note on Tuesday. Scotiabank raised their price objective on Bank of Montreal from C$187.00 to C$191.00 in a research note on Friday, January 9th. Canaccord Genuity Group boosted their target price on Bank of Montreal from C$201.00 to C$218.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, Desjardins increased their target price 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. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$193.42.

Bank of Montreal Price Performance

BMO traded up C$0.18 on Thursday, hitting C$195.33. 519,889 shares of the stock were exchanged, compared to its average volume of 2,991,605. The firm has a market capitalization of C$138.47 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 0.71 and a beta of 1.38. Bank of Montreal has a 12 month low of C$121.31 and a 12 month high of C$198.68. The business has a 50-day moving average of C$185.88 and a two-hundred day moving average of C$176.92.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released 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 for the quarter. Equities research analysts expect that Bank of Montreal will post 9.6514585 earnings per share 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.