Royal Bank Of Canada Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) had its price target boosted by investment analysts at Royal Bank Of Canada from C$178.00 to C$219.00 in a report issued on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s price target would indicate a potential upside of 7.91% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Scotiabank boosted their target price on shares of Bank of Montreal from C$187.00 to C$191.00 in a research note on Friday, January 9th. Jefferies Financial Group upped their target price on Bank of Montreal from C$182.00 to C$187.00 in a report on Wednesday, February 11th. Desjardins boosted their price target on 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. Raymond James Financial upgraded Bank of Montreal from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$183.00 to C$214.00 in a research report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce raised 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 report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$202.33.

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Bank of Montreal Trading Up 0.2%

Shares of TSE:BMO traded up C$0.42 during trading on Thursday, hitting C$202.94. 662,303 shares of the company’s stock traded hands, compared to its average volume of 2,940,119. The company has a market cap of C$143.87 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. The company has a 50-day moving average price of C$187.62 and a 200-day moving average price of C$178.44. Bank of Montreal has a 52 week low of C$121.31 and a 52 week high of C$204.57.

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) last released its quarterly earnings data on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. The company had revenue of C$9.34 billion during the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%. On average, analysts predict that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

Bank of Montreal News Roundup

Here are the key news stories impacting Bank of Montreal this week:

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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Analyst Recommendations for Bank of Montreal (TSE:BMO)

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