Bank of Montreal (TSE:BMO) Given New C$187.00 Price Target at Jefferies Financial Group

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target raised by Jefferies Financial Group from C$182.00 to C$187.00 in a research report report published on Wednesday,BayStreet.CA reports.

BMO has been the subject of several other research reports. Royal Bank Of Canada upped their target price on shares of Bank of Montreal from C$163.00 to C$178.00 in a report on Friday, December 5th. Desjardins upped their price objective on Bank of Montreal from C$189.00 to C$195.00 and gave the stock a “hold” rating in a research note on Monday. Canaccord Genuity Group increased their target price on Bank of Montreal from C$192.00 to C$201.00 in a research report on Friday, December 5th. National Bank Financial downgraded Bank of Montreal from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$173.00 to C$181.00 in a research note on Monday, November 17th. Finally, Canadian Imperial Bank of Commerce upped their price target on Bank of Montreal from C$192.00 to C$199.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$186.92.

Bank of Montreal Stock Down 1.3%

Shares of BMO opened at C$195.00 on Wednesday. The business has a 50-day simple moving average of C$184.30 and a two-hundred day simple moving average of C$175.58. Bank of Montreal has a 52 week low of C$121.31 and a 52 week high of C$198.68. The stock has a market cap of C$138.24 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 0.71 and a beta of 1.38.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings data on Thursday, December 4th. The bank reported C$3.28 earnings per share (EPS) for the quarter. The company had revenue of C$9.34 billion during the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%. On average, equities analysts anticipate that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal 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.