Bank of Montreal (TSE:BMO) PT Lowered to C$123.00 at Scotiabank

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target reduced by stock analysts at Scotiabank from C$129.00 to C$123.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 4.42% from the company’s previous close.

Other analysts also recently issued research reports about the company. National Bankshares lowered their target price on Bank of Montreal from C$136.00 to C$131.00 and set an “outperform” rating on the stock in a research note on Friday. Cormark cut their price objective on Bank of Montreal from C$141.00 to C$133.00 in a research report on Thursday, May 30th. UBS Group set a C$122.00 price objective on Bank of Montreal and gave the company a “neutral” rating in a research note on Tuesday, July 2nd. Jefferies Financial Group cut their price objective on shares of Bank of Montreal from C$141.00 to C$124.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Finally, Desjardins decreased their price target on Bank of Montreal from C$129.00 to C$125.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$128.14.

Bank of Montreal Stock Up 0.7 %

TSE:BMO traded up C$0.77 during mid-day trading on Monday, hitting C$117.79. 325,564 shares of the company traded hands, compared to its average volume of 2,786,429. The stock’s fifty day moving average price is C$115.91 and its 200-day moving average price is C$122.96. Bank of Montreal has a one year low of C$102.67 and a one year high of C$133.95. The firm has a market cap of C$85.90 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 0.54 and a beta of 1.16.

Bank of Montreal (TSE:BMO) (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). The firm had revenue of C$7.97 billion for the quarter, compared to the consensus estimate of C$8.06 billion. Bank of Montreal had a return on equity of 8.19% and a net margin of 20.07%. Equities analysts predict that Bank of Montreal will post 11.6437811 EPS for the current 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.