Bank of Montreal (TSE:BMO) Price Target Raised to C$178.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target hoisted by investment analysts at Royal Bank Of Canada from C$163.00 to C$178.00 in a report issued on Friday,BayStreet.CA reports. Royal Bank Of Canada’s target price would indicate a potential upside of 0.04% from the stock’s current price.

Several other equities analysts have also weighed in on BMO. Desjardins lifted their target price on shares of Bank of Montreal from C$156.00 to C$165.00 and gave the company a “hold” rating in a report on Wednesday, August 27th. Scotiabank set a C$179.00 price target on Bank of Montreal and gave the company a “sector perform” rating in a report on Tuesday, November 25th. Jefferies Financial Group boosted their price objective on Bank of Montreal from C$173.00 to C$181.00 and gave the stock a “hold” rating in a research note on Tuesday, November 25th. Barclays upped their target price on Bank of Montreal from C$157.00 to C$177.00 and gave the stock an “equal weight” rating in a research report on Monday, November 24th. Finally, Bank of America raised their target price on Bank of Montreal from C$159.00 to C$176.00 in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$178.77.

Bank of Montreal Stock Performance

Shares of TSE:BMO traded up C$1.11 during trading on Friday, reaching C$177.93. 1,415,484 shares of the stock were exchanged, compared to its average volume of 2,769,522. The firm’s 50-day moving average price is C$176.03 and its 200 day moving average price is C$163.56. The firm has a market cap of C$127.45 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 0.71 and a beta of 1.39. Bank of Montreal has a 12-month low of C$121.31 and a 12-month high of C$182.90.

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

Insider Transactions at Bank of Montreal

In other Bank of Montreal news, insider Alan Tannenbaum sold 9,824 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of C$175.12, for a total value of C$1,720,408.35. 0.03% of the stock is owned by corporate insiders.

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.