Bank of Montreal (TSE:BMO) Price Target Raised to C$199.00

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) had its target price raised by equities research analysts at Barclays from C$196.00 to C$199.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the bank’s stock. Barclays‘s price objective indicates a potential downside of 1.94% from the company’s current price.

A number of other brokerages also recently issued reports on BMO. Royal Bank Of Canada raised their target price on Bank of Montreal from C$178.00 to C$219.00 in a research note on Thursday. Canaccord Genuity Group upped 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 report on Thursday, February 12th. Jefferies Financial Group cut their price objective on shares of Bank of Montreal from C$197.00 to C$195.00 in a research report on Thursday. National Bank Financial boosted their target price on shares of Bank of Montreal from C$181.00 to C$186.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Finally, TD Securities increased their price target on shares of Bank of Montreal from C$209.00 to C$219.00 in a research note on Monday, February 9th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$202.33.

Read Our Latest Report on Bank of Montreal

Bank of Montreal Price Performance

TSE BMO traded up C$0.42 on Thursday, hitting C$202.94. The company had a trading volume of 662,303 shares, compared to its average volume of 2,940,119. The company has a market capitalization of C$143.87 billion, a PE ratio of 17.74, a PEG ratio of 0.71 and a beta of 1.38. The company’s fifty day moving average price is C$187.62 and its 200-day moving average price is C$178.44. 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 quarterly earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share for the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. The firm had revenue of C$9.34 billion for the quarter. On average, sell-side analysts anticipate that Bank of Montreal will post 9.6514585 EPS for the current year.

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About Bank of Montreal

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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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