Bank of Montreal (TSE:BMO) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective increased by Canaccord Genuity Group from C$224.00 to C$230.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the bank’s stock. Canaccord Genuity Group’s price target indicates a potential upside of 5.50% from the company’s previous close.

Several other equities research analysts also recently issued reports on BMO. Scotiabank lifted their price target on shares of Bank of Montreal from C$208.00 to C$209.00 and gave the stock a “sector perform” rating in a research note on Monday, May 4th. Raymond James Financial lifted their price target on shares of Bank of Montreal from C$214.00 to C$227.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada dropped their price target on shares of Bank of Montreal from C$219.00 to C$205.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 25th. TD lifted their price target on shares of Bank of Montreal from C$219.00 to C$234.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group lifted their price target on shares of Bank of Montreal from C$195.00 to C$196.00 in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$208.31.

Bank of Montreal Stock Performance

Shares of TSE:BMO traded up C$6.10 during midday trading on Wednesday, hitting C$218.01. 1,009,704 shares of the company’s stock traded hands, compared to its average volume of 2,673,380. The company has a market cap of C$153.68 billion, a PE ratio of 18.17, a P/E/G ratio of 0.71 and a beta of 1.25. The firm’s fifty day moving average price is C$198.73 and its two-hundred day moving average price is C$188.99. Bank of Montreal has a twelve month low of C$142.03 and a twelve month high of C$218.15.

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.