Bank of Montreal (TSE:BMO) Price Target Raised to C$208.00

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) had its price target boosted by equities research analysts at Scotiabank from C$191.00 to C$208.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the bank’s stock. Scotiabank’s target price would indicate a potential upside of 2.49% from the stock’s current price.

BMO has been the topic of several other reports. National Bank Financial increased their target price on Bank of Montreal from C$186.00 to C$205.00 and gave the stock a “sector perform” rating in a research report on Thursday. Canaccord Genuity Group boosted their target price on shares of Bank of Montreal from C$218.00 to C$224.00 and gave the company a “buy” rating in a report on Thursday. Canadian Imperial Bank of Commerce increased their price target on shares of Bank of Montreal from C$199.00 to C$209.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Jefferies Financial Group dropped their price objective on Bank of Montreal from C$197.00 to C$195.00 in a report on Thursday. Finally, Royal Bank Of Canada upped their target price on shares of Bank of Montreal from C$178.00 to C$219.00 in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Bank of Montreal presently has an average rating of “Hold” and a consensus price target of C$202.33.

View Our Latest Stock Analysis on BMO

Bank of Montreal Trading Up 0.2%

Shares of BMO stock traded up C$0.42 during mid-day trading on Thursday, reaching C$202.94. The stock had a trading volume of 662,303 shares, compared to its average volume of 2,940,119. The company has a market cap of C$143.87 billion, a P/E ratio of 17.74, a price-to-earnings-growth 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$204.57. The business has a 50-day simple moving average of C$187.62 and a 200 day simple moving average of C$178.44.

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

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Bank of Montreal Company Profile

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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.

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