Bank of Montreal (TSE:BMO) Stock Price Expected to Rise, Canadian Imperial Bank of Commerce Analyst Says

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price increased by research analysts at Canadian Imperial Bank of Commerce from C$211.00 to C$226.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperformer” rating on the bank’s stock. Canadian Imperial Bank of Commerce’s price target would indicate a potential upside of 7.65% from the stock’s previous close.

Several other analysts also recently issued reports on the company. Raymond James Financial boosted their price target on Bank of Montreal from C$214.00 to C$227.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays cut Bank of Montreal from an “equal weight” rating to a “strong sell” rating in a report on Friday, March 20th. Royal Bank Of Canada reduced their price target on Bank of Montreal from C$219.00 to C$205.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 25th. Desjardins increased their price target on Bank of Montreal from C$208.00 to C$212.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Finally, TD Securities upped their target price on shares of Bank of Montreal from C$209.00 to C$219.00 in a research note on Monday, February 9th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$207.77.

Bank of Montreal Price Performance

TSE BMO opened at C$209.94 on Thursday. The stock’s 50-day moving average is C$198.10 and its 200-day moving average is C$188.43. Bank of Montreal has a one year low of C$142.03 and a one year high of C$212.74. The firm has a market cap of C$147.99 billion, a P/E ratio of 17.50, a P/E/G ratio of 0.71 and a beta of 1.25.

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.