Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) had its price target dropped by research analysts at Canaccord Genuity Group from C$136.00 to C$135.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 19.55% from the stock’s current price.
Several other research analysts also recently commented on BMO. Scotiabank reduced their price objective on Bank of Montreal from C$137.00 to C$129.00 and set an “outperform” rating for the company in a research note on Thursday, May 30th. Barclays dropped their target price on Bank of Montreal from C$140.00 to C$132.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. TD Securities lowered their price target on Bank of Montreal from C$134.00 to C$130.00 in a report on Thursday, August 8th. Keefe, Bruyette & Woods cut Bank of Montreal from a “moderate buy” rating to a “hold” rating in a report on Monday, June 3rd. Finally, Royal Bank of Canada cut Bank of Montreal from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$124.00 to C$118.00 in a report on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$128.93.
View Our Latest Stock Report on Bank of Montreal
Bank of Montreal Price Performance
Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) last posted its quarterly earnings data on Wednesday, May 29th. The bank reported C$2.59 EPS for the quarter, missing the consensus estimate of C$2.74 by C($0.15). Bank of Montreal had a net margin of 17.71% and a return on equity of 7.28%. The firm had revenue of C$7.97 billion during the quarter, compared to analyst estimates of C$8.06 billion. As a group, equities research analysts expect that Bank of Montreal will post 11.2532189 earnings per share for the current year.
Bank of Montreal Company Profile
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.
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