Bank of Montreal (TSE:BMO) Given New C$212.00 Price Target at Desjardins

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price raised by investment analysts at Desjardins from C$208.00 to C$212.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the bank’s stock. Desjardins’ price target would suggest a potential upside of 3.23% from the company’s previous close.

A number of other research analysts have also commented on BMO. National Bank Financial upped their price target on Bank of Montreal from C$186.00 to C$205.00 and gave the company a “sector perform” rating in a research report on Thursday, February 26th. Canaccord Genuity Group upped their price target on Bank of Montreal from C$218.00 to C$224.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Raymond James Financial raised 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. Royal Bank Of Canada lowered their price target on Bank of Montreal from C$219.00 to C$205.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 25th. Finally, TD Securities upped their price target on Bank of Montreal from C$209.00 to C$219.00 in a research report on Monday, February 9th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$204.23.

Bank of Montreal Price Performance

BMO traded up C$1.23 during midday trading on Tuesday, reaching C$205.37. 2,089,120 shares of the company’s stock traded hands, compared to its average volume of 2,672,189. The firm has a fifty day moving average of C$196.26 and a two-hundred day moving average of C$186.47. The stock has a market capitalization of C$144.77 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 0.71 and a beta of 1.17. Bank of Montreal has a 52 week low of C$134.46 and a 52 week high of C$210.73.

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.