Royal Bank Of Canada Cuts Bank of Montreal (TSE:BMO) Price Target to C$205.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price cut by Royal Bank Of Canada from C$219.00 to C$205.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the bank’s stock.

Other equities research analysts have also recently issued research reports about the company. Bank of America raised their price objective on Bank of Montreal from C$179.00 to C$183.00 in a report on Friday, December 5th. Raymond James Financial upgraded Bank of Montreal from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$183.00 to C$214.00 in a research note on Friday, February 13th. TD Securities increased their target price on Bank of Montreal from C$209.00 to C$219.00 in a research report on Monday, February 9th. Jefferies Financial Group decreased their price target on Bank of Montreal from C$197.00 to C$195.00 in a research note on Thursday, February 26th. Finally, Desjardins lifted their price target on Bank of Montreal from C$195.00 to C$208.00 and gave the company a “hold” rating in a report on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$201.33.

Bank of Montreal Stock Performance

Shares of BMO opened at C$183.03 on Wednesday. Bank of Montreal has a 1 year low of C$121.31 and a 1 year high of C$204.57. The company’s 50 day simple moving average is C$191.99 and its 200 day simple moving average is C$182.77. The company has a market capitalization of C$129.02 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 0.71 and a beta of 1.29.

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.