Bank of Montreal (TSE:BMO) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target boosted by stock analysts at Canaccord Genuity Group from C$218.00 to C$224.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the bank’s stock. Canaccord Genuity Group’s price objective points to a potential upside of 14.11% from the company’s previous close.

BMO has been the subject of several other research reports. Barclays raised their price target on Bank of Montreal from C$196.00 to C$199.00 and gave the stock an “equal weight” rating in a report on Thursday. Royal Bank Of Canada lifted their target price on shares of Bank of Montreal from C$178.00 to C$219.00 in a research note on Thursday. Bank of America upped their price target on shares of Bank of Montreal from C$179.00 to C$183.00 in a research note on Friday, December 5th. Raymond James Financial raised shares of Bank of Montreal from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$183.00 to C$214.00 in a report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of Bank of Montreal from C$199.00 to C$209.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$202.33.

Bank of Montreal Stock Down 3.6%

Shares of BMO opened at C$196.31 on Thursday. The company has a 50 day moving average of C$188.49 and a two-hundred day moving average of C$178.90. Bank of Montreal has a twelve month low of C$121.31 and a twelve month high of C$204.57. The company has a market cap of C$139.17 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share (EPS) for the quarter. The business had revenue of C$9.34 billion for the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%. On average, sell-side analysts expect that Bank of Montreal will post 9.6514585 EPS for the current year.

Trending Headlines about Bank of Montreal

Here are the key news stories impacting Bank of Montreal this week:

• Positive Sentiment: Canaccord raised its target to C$224 and kept a Buy rating — one of the largest upside calls among brokers, signalling stronger conviction in BMO’s outlook. Canaccord raise
• Positive Sentiment: Royal Bank of Canada boosted its target to C$219, implying material upside and supporting the thesis of improved earnings and capital returns. RBC raise
• Positive Sentiment: TD Cowen reiterated a Buy, citing improving profitability, U.S. growth and capital-return improvements as the reasons backing a bullish stance. TD Cowen note
• Positive Sentiment: Desjardins raised its target to C$208 and kept a Hold — the higher target is constructive for medium-term upside. Desjardins raise
• Positive Sentiment: Scotiabank lifted its target to C$208 with a Sector Perform — another incremental positive to consensus targets. Scotiabank raise
• Neutral Sentiment: Barclays raised its target to C$199 but kept an Equal Weight rating, suggesting limited near-term upside from their view. Barclays note
• Neutral Sentiment: National Bank increased its target to C$205 but maintained a Sector Perform rating — positive for price target consensus but not a change in conviction. National Bank piece Yahoo summary
• Negative Sentiment: Jefferies trimmed its target slightly to C$195, representing downside from current levels and reflecting a more cautious near-term view. Jefferies note

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.