Bank of Montreal (TSE:BMO) PT Set at C$122.00 by UBS Group

Bank of Montreal (TSE:BMO) (NYSE:BMO) has been assigned a C$122.00 price objective by UBS Group in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a “neutral” rating on the bank’s stock. UBS Group’s price objective points to a potential upside of 6.48% from the stock’s current price.

A number of other brokerages have also recently commented on BMO. Jefferies Financial Group lifted their target price on Bank of Montreal from C$136.00 to C$142.00 in a report on Monday, May 13th. Desjardins cut shares of Bank of Montreal from a “buy” rating to a “hold” rating and cut their price objective for the company from C$133.00 to C$129.00 in a research report on Thursday, May 30th. Cormark lowered their target price on shares of Bank of Montreal from C$141.00 to C$133.00 in a report on Thursday, May 30th. Barclays cut their price target on shares of Bank of Montreal from C$140.00 to C$132.00 and set an “overweight” rating on the stock in a report on Thursday, May 30th. Finally, Canaccord Genuity Group decreased their price objective on shares of Bank of Montreal from C$140.00 to C$136.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$131.30.

Bank of Montreal Stock Down 0.2 %

TSE BMO traded down C$0.25 during trading on Tuesday, hitting C$114.58. 642,052 shares of the stock traded hands, compared to its average volume of 2,660,060. The company has a market capitalization of C$83.12 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 0.54 and a beta of 1.19. Bank of Montreal has a 12-month low of C$102.67 and a 12-month high of C$133.95. The firm has a 50-day simple moving average of C$122.61 and a 200-day simple moving average of C$126.06.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings results on Wednesday, May 29th. The bank reported C$2.59 earnings per share for the quarter, missing the consensus estimate of C$2.74 by C($0.15). Bank of Montreal had a return on equity of 7.28% and a net margin of 17.71%. The business had revenue of C$7.97 billion during the quarter, compared to the consensus estimate of C$8.06 billion. As a group, research analysts predict that Bank of Montreal will post 11.2532189 EPS for the current fiscal year.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.