Bank of Montreal (TSE:BMO) Reaches New 1-Year High – Here’s What Happened

Bank of Montreal (TSE:BMO) (NYSE:BMO) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$192.42 and last traded at C$191.92, with a volume of 2455923 shares changing hands. The stock had previously closed at C$189.35.

Analyst Ratings Changes

BMO has been the subject of several analyst reports. Royal Bank Of Canada boosted their price objective on Bank of Montreal from C$163.00 to C$178.00 in a report on Friday, December 5th. Desjardins lifted their price target on Bank of Montreal from C$180.00 to C$189.00 and gave the company a “hold” rating in a research report on Thursday, December 18th. CIBC upped their price objective on Bank of Montreal from C$192.00 to C$199.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. National Bankshares cut shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$173.00 to C$181.00 in a research note on Monday, November 17th. Finally, Canaccord Genuity Group boosted their target price on shares of Bank of Montreal from C$192.00 to C$201.00 in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Bank of Montreal currently has a consensus rating of “Hold” and an average price target of C$185.17.

Bank of Montreal Stock Performance

The stock has a market cap of C$135.66 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 0.71 and a beta of 1.39. The business’s 50 day moving average is C$181.72 and its 200-day moving average is C$173.85.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its earnings results on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. The business 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%. Sell-side analysts anticipate that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

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.