Scotiabank Trims Bank of Montreal (TSE:BMO) Target Price to C$161.00

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) had its price objective cut by stock analysts at Scotiabank from C$168.00 to C$161.00 in a research note issued on Wednesday, BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 13.19% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. Barclays upgraded shares of Bank of Montreal from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from C$140.00 to C$165.00 in a research note on Wednesday, January 19th. Fundamental Research increased their price target on shares of Bank of Montreal from C$143.30 to C$175.57 and gave the stock a “buy” rating in a research report on Monday, March 7th. TD Securities lifted their price target on Bank of Montreal from C$170.00 to C$175.00 and gave the stock a “buy” rating in a research note on Wednesday, March 2nd. Cormark restated a “buy” rating and set a C$34.00 price objective on shares of Bank of Montreal in a research note on Tuesday, February 22nd. Finally, National Bankshares lowered Bank of Montreal from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$163.00 to C$151.00 in a research report on Monday, March 7th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from, the stock has a consensus rating of “Buy” and a consensus price target of C$149.85.

Shares of Bank of Montreal stock traded down C$0.87 during trading hours on Wednesday, hitting C$142.24. 598,481 shares of the company’s stock traded hands, compared to its average volume of 2,510,361. Bank of Montreal has a twelve month low of C$112.34 and a twelve month high of C$154.47. The company has a market cap of C$95.51 billion and a PE ratio of 10.95. The stock has a 50 day simple moving average of C$147.74 and a 200-day simple moving average of C$140.75.

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) last issued its quarterly earnings data on Tuesday, March 1st. The bank reported C$3.89 earnings per share for the quarter, beating analysts’ consensus estimates of C$3.30 by C$0.59. The business had revenue of C$7.72 billion for the quarter, compared to analyst estimates of C$6.67 billion. As a group, sell-side analysts anticipate that Bank of Montreal will post 14.7899996 EPS for the current fiscal year.

Bank of Montreal Company Profile (Get Rating)

Bank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers.

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