National Bank Financial Increases Bank of Montreal (TSE:BMO) Price Target to C$236.00

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) had its target price boosted by stock analysts at National Bank Financial from C$223.00 to C$236.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the bank’s stock. National Bank Financial’s target price indicates a potential upside of 5.18% from the company’s previous close.

BMO has been the subject of several other research reports. TD upped their price target on shares of Bank of Montreal from C$219.00 to C$234.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Jefferies Financial Group upped their price target on shares of Bank of Montreal from C$195.00 to C$196.00 in a research report on Wednesday, May 20th. Royal Bank Of Canada lowered their price target on shares of Bank of Montreal from C$219.00 to C$205.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 25th. Barclays upped their price target on shares of Bank of Montreal from C$199.00 to C$203.00 and gave the stock an “underweight” rating in a research report on Thursday. Finally, Canaccord Genuity Group upped their price target on shares of Bank of Montreal from C$224.00 to C$230.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bank of Montreal currently has an average rating of “Hold” and an average price target of C$221.04.

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Bank of Montreal Stock Performance

Shares of Bank of Montreal stock traded down C$1.15 during trading on Thursday, hitting C$224.38. 991,485 shares of the stock were exchanged, compared to its average volume of 2,659,322. The stock’s fifty day moving average is C$202.46 and its 200 day moving average is C$191.04. The stock has a market cap of C$158.17 billion, a PE ratio of 18.70, a P/E/G ratio of 0.71 and a beta of 1.25. Bank of Montreal has a 12 month low of C$143.35 and a 12 month high of C$226.08.

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) last released its quarterly earnings results on Wednesday, May 27th. The bank reported C$3.67 EPS for the quarter. The business had revenue of C$9.57 billion during the quarter. Bank of Montreal had a net margin of 11.77% and a return on equity of 10.47%. Sell-side analysts anticipate that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

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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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