Royal Bank Of Canada Has Lowered Expectations for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price dropped by stock analysts at Royal Bank Of Canada from C$219.00 to C$205.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 8.02% from the stock’s current price.

Other analysts also recently issued reports about the stock. Jefferies Financial Group dropped their price objective on shares of Bank of Montreal from C$197.00 to C$195.00 in a report on Thursday, February 26th. Scotiabank raised their target price on shares of Bank of Montreal from C$191.00 to C$208.00 and gave the stock a “sector perform” rating in a report on Thursday, February 26th. TD Securities boosted their target price on shares of Bank of Montreal from C$209.00 to C$219.00 in a research report on Monday, February 9th. Raymond James Financial raised shares of Bank of Montreal from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$183.00 to C$214.00 in a report on Friday, February 13th. Finally, National Bank Financial increased their price target on Bank of Montreal from C$186.00 to C$205.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$201.33.

Bank of Montreal Stock Performance

TSE BMO traded up C$2.03 during trading hours on Wednesday, reaching C$189.78. The stock had a trading volume of 459,370 shares, compared to its average volume of 2,610,907. Bank of Montreal has a 52-week low of C$121.31 and a 52-week high of C$204.57. The stock has a fifty day moving average of C$192.11 and a 200 day moving average of C$182.67. The stock has a market cap of C$133.78 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 0.71 and a beta of 1.29.

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.