Analysts Set Bank of Montreal (TSE:BMO) Target Price at C$202.50

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have received an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$202.50.

A number of equities research analysts recently issued reports on the company. TD Securities increased their price target on Bank of Montreal from C$209.00 to C$219.00 in a research report on Monday, February 9th. Canadian Imperial Bank of Commerce lifted their price objective on Bank of Montreal from C$209.00 to C$211.00 in a report on Thursday, March 5th. Scotiabank upped their target price on Bank of Montreal from C$191.00 to C$208.00 and gave the company a “sector perform” rating in a research report on Thursday, February 26th. Barclays raised their price target on Bank of Montreal from C$196.00 to C$199.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Finally, Bank of America boosted their price target on Bank of Montreal from C$179.00 to C$183.00 in a research note on Friday, December 5th.

Bank of Montreal Trading Down 1.7%

Shares of BMO opened at C$186.15 on Wednesday. Bank of Montreal has a 12 month low of C$121.31 and a 12 month high of C$204.57. The firm’s 50 day moving average is C$191.53 and its 200-day moving average is C$181.47. The stock has a market capitalization of C$131.46 billion, a PE ratio of 15.51, a P/E/G ratio of 0.71 and a beta of 1.29.

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.