National Bank Financial Forecasts Strong Price Appreciation for Bank of Montreal (TSE:BMO) Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price raised by equities research analysts at National Bank Financial from C$186.00 to C$205.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the bank’s stock. National Bank Financial’s price objective suggests a potential upside of 4.43% from the company’s current price.

BMO has been the topic of several other research reports. Scotiabank upped 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. Canaccord Genuity Group upped their price objective 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. Canadian Imperial Bank of Commerce increased their target price on Bank of Montreal from C$199.00 to C$209.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Jefferies Financial Group decreased their price target on Bank of Montreal from C$197.00 to C$195.00 in a research note on Thursday. Finally, Royal Bank Of Canada upped their price target on Bank of Montreal from C$178.00 to C$219.00 in a report on Thursday. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Bank of Montreal currently has a consensus rating of “Hold” and a consensus target price of C$202.33.

Bank of Montreal Trading Down 3.6%

Bank of Montreal stock opened at C$196.31 on Thursday. Bank of Montreal has a 12 month low of C$121.31 and a 12 month high of C$204.57. The company has a market capitalization of C$139.17 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. The business’s fifty day simple moving average is C$188.49 and its two-hundred day simple moving average is C$178.90.

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

Key Bank of Montreal News

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

• Positive Sentiment: Canaccord raised its target to C$224 and kept a Buy rating — one of the largest upside calls among brokers, signalling stronger conviction in BMO’s outlook. Canaccord raise
• Positive Sentiment: Royal Bank of Canada boosted its target to C$219, implying material upside and supporting the thesis of improved earnings and capital returns. RBC raise
• Positive Sentiment: TD Cowen reiterated a Buy, citing improving profitability, U.S. growth and capital-return improvements as the reasons backing a bullish stance. TD Cowen note
• Positive Sentiment: Desjardins raised its target to C$208 and kept a Hold — the higher target is constructive for medium-term upside. Desjardins raise
• Positive Sentiment: Scotiabank lifted its target to C$208 with a Sector Perform — another incremental positive to consensus targets. Scotiabank raise
• Neutral Sentiment: Barclays raised its target to C$199 but kept an Equal Weight rating, suggesting limited near-term upside from their view. Barclays note
• Neutral Sentiment: National Bank increased its target to C$205 but maintained a Sector Perform rating — positive for price target consensus but not a change in conviction. National Bank piece Yahoo summary
• Negative Sentiment: Jefferies trimmed its target slightly to C$195, representing downside from current levels and reflecting a more cautious near-term view. Jefferies note

About Bank of Montreal

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.