Canadian Imperial Bank of Commerce Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMOFree Report) (NYSE:BMO) had its price objective lifted by Canadian Imperial Bank of Commerce from C$209.00 to C$211.00 in a report issued on Thursday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. TD Securities lifted their price target on Bank of Montreal from C$209.00 to C$219.00 in a report on Monday, February 9th. Royal Bank Of Canada raised their target price on Bank of Montreal from C$178.00 to C$219.00 in a research report on Thursday, February 26th. Desjardins boosted their price target on Bank of Montreal from C$195.00 to C$208.00 and gave the stock a “hold” rating in a research report on Thursday, February 26th. Jefferies Financial Group lowered their price target on Bank of Montreal from C$197.00 to C$195.00 in a report on Thursday, February 26th. Finally, Scotiabank lifted their price objective on shares of Bank of Montreal from C$191.00 to C$208.00 and gave the company a “sector perform” rating in a research note on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$202.50.

Read Our Latest Research Report on BMO

Bank of Montreal Price Performance

TSE:BMO opened at C$196.90 on Thursday. The firm has a market capitalization of C$139.05 billion, a P/E ratio of 16.41, a P/E/G ratio of 0.71 and a beta of 1.29. The business has a 50 day simple moving average of C$190.05 and a 200 day simple moving average of C$180.03. Bank of Montreal has a 12-month low of C$121.31 and a 12-month high of C$204.57.

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) last posted its earnings results 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 for the quarter. Bank of Montreal had a return on equity of 10.47% and a net margin of 11.77%. Research analysts anticipate that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Bank of Montreal Company Profile

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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.

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Analyst Recommendations for Bank of Montreal (TSE:BMO)

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