Bank of Montreal (TSE:BMO) Price Target Raised to C$199.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective boosted by investment analysts at CIBC from C$192.00 to C$199.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the bank’s stock. CIBC’s price objective would suggest a potential upside of 9.44% from the stock’s previous close.

A number of other research analysts have also weighed in on BMO. Raymond James Financial raised their price objective on Bank of Montreal from C$182.00 to C$183.00 in a research report on Monday. National Bankshares downgraded Bank of Montreal from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$173.00 to C$181.00 in a research note on Monday, November 17th. Scotiabank boosted their price objective on shares of Bank of Montreal from C$179.00 to C$187.00 and gave the company a “sector perform” rating in a research report on Friday, December 5th. Barclays raised their target price on shares of Bank of Montreal from C$177.00 to C$181.00 and gave the stock an “equal weight” rating in a research note on Friday, December 5th. Finally, TD Securities increased their target price on Bank of Montreal from C$182.00 to C$184.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$182.00.

Bank of Montreal Stock Performance

BMO traded up C$3.08 on Thursday, hitting C$181.84. 1,210,109 shares of the company were exchanged, compared to its average volume of 2,772,705. Bank of Montreal has a 12 month low of C$121.31 and a 12 month high of C$182.90. The stock has a market capitalization of C$128.91 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 0.71 and a beta of 1.39. The firm has a fifty day simple moving average of C$175.66 and a two-hundred day simple moving average of C$164.64.

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. The company had revenue of C$9.34 billion during the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. On average, equities analysts expect that Bank of Montreal will post 9.6514585 earnings per share for the current year.

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.