Bank of Montreal (TSE:BMO) Price Target Raised to C$199.00

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) had its price objective raised by equities research analysts at Barclays from C$196.00 to C$199.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Barclays‘s target price would indicate a potential downside of 1.94% from the stock’s current price.

Several other research firms have also issued reports on BMO. Royal Bank Of Canada raised their price target on Bank of Montreal from C$178.00 to C$219.00 in a research report on Thursday. TD Securities lifted their price target on shares of Bank of Montreal from C$209.00 to C$219.00 in a research report on Monday, February 9th. Scotiabank boosted their target price on Bank of Montreal from C$187.00 to C$191.00 in a report on Friday, January 9th. Desjardins raised their price target on Bank of Montreal from C$189.00 to C$195.00 and gave the stock a “hold” rating in a research note on Monday, February 9th. Finally, Canaccord Genuity Group lifted their target price on Bank of Montreal from C$201.00 to C$218.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$202.33.

Read Our Latest Analysis on BMO

Bank of Montreal Stock Performance

TSE BMO traded up C$0.42 on Thursday, hitting C$202.94. The stock had a trading volume of 662,303 shares, compared to its average volume of 2,940,119. The firm has a 50-day moving average of C$187.62 and a 200-day moving average of C$178.44. The company has a market capitalization 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. 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 results on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. The business had revenue of C$9.34 billion during the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. As a group, research analysts anticipate that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

Key Stories Impacting Bank of Montreal

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Bank of Montreal Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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