Bank of Montreal (TSE:BMO) Price Target Raised to C$209.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price hoisted by equities researchers at CIBC World Markets from C$199.00 to C$209.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the bank’s stock. CIBC World Markets’ price objective suggests a potential upside of 9.10% from the stock’s current price.

Several other equities analysts have also recently weighed in on BMO. Barclays increased their price objective 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. Jefferies Financial Group upped their target price on shares of Bank of Montreal from C$182.00 to C$187.00 in a report on Wednesday. Canadian Imperial Bank of Commerce lifted their price target on shares of 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. Canaccord Genuity Group boosted their price objective on shares of Bank of Montreal from C$201.00 to C$218.00 and gave the company a “buy” rating in a research report on Thursday. Finally, TD Securities raised their target price on Bank of Montreal from C$209.00 to C$219.00 in a report on Monday. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$189.92.

Bank of Montreal Stock Up 0.4%

BMO traded up C$0.78 during mid-day trading on Friday, reaching C$191.56. 780,150 shares of the company traded hands, compared to its average volume of 3,132,913. The company’s fifty day moving average price is C$184.58 and its 200-day moving average price is C$175.68. The stock has a market capitalization of C$135.80 billion, a P/E ratio of 16.74, a P/E/G ratio of 0.71 and a beta of 1.38. Bank of Montreal has a 52-week low of C$121.31 and a 52-week high of C$198.68.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings data on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%.The company had revenue of C$9.34 billion during the quarter. As a group, sell-side analysts forecast 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.