Bank of Montreal (TSE:BMO) PT Lowered to C$158.00 at Scotiabank

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) had its target price lowered by analysts at Scotiabank from C$161.00 to C$158.00 in a research report issued on Friday, BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 21.67% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. National Bankshares cut 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 note on Monday, March 7th. Royal Bank of Canada boosted their target price on Bank of Montreal from C$160.00 to C$164.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 2nd. CIBC decreased their target price on Bank of Montreal from C$150.00 to C$142.00 in a research note on Tuesday. Barclays reduced their price objective on Bank of Montreal from C$165.00 to C$149.00 and set an “overweight” rating for the company in a research note on Wednesday, May 11th. Finally, Fundamental Research boosted their price objective on Bank of Montreal from C$143.30 to C$175.57 and gave the company a “buy” rating in a research note on Monday, March 7th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Bank of Montreal has a consensus rating of “Buy” and a consensus price target of C$150.17.

Shares of Bank of Montreal stock traded down C$0.93 on Friday, reaching C$129.86. 604,802 shares of the company were exchanged, compared to its average volume of 2,557,964. Bank of Montreal has a 1-year low of C$121.76 and a 1-year high of C$154.47. The company has a market cap of C$87.20 billion and a P/E ratio of 10.01. The stock’s 50 day moving average price is C$142.65 and its 200-day moving average price is C$142.20.

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) last posted its earnings results on Tuesday, March 1st. The bank reported C$3.89 earnings per share for the quarter, topping the consensus estimate of C$3.30 by C$0.59. The business had revenue of C$7.72 billion for the quarter, compared to analysts’ expectations of C$6.67 billion. On average, equities research analysts expect that Bank of Montreal will post 14.8100015 EPS for the current 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.

Read More

Analyst Recommendations for Bank of Montreal (TSE:BMO)

Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.