CSFB Analysts Give Bank of Montreal (TSE:BMO) a C$159.00 Price Target

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) has been assigned a C$159.00 price target by CSFB in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the bank’s stock. CSFB’s price target would suggest a potential upside of 22.44% from the stock’s previous close.

A number of other equities analysts have also commented on BMO. Credit Suisse Group began coverage on Bank of Montreal in a research note on Friday. They issued an “outperform” rating and a C$159.00 price objective on the stock. Scotiabank dropped their price target on Bank of Montreal from C$161.00 to C$158.00 in a research note on Friday. National Bankshares lowered Bank of Montreal from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$163.00 to C$151.00 in a research note on Monday, March 7th. Canaccord Genuity Group boosted their price target on Bank of Montreal from C$169.00 to C$171.00 in a research note on Wednesday, March 2nd. Finally, TD Securities boosted their price target on Bank of Montreal from C$170.00 to C$175.00 and gave the company a “buy” rating in a research note on Wednesday, March 2nd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$150.17.

Shares of Bank of Montreal stock traded down C$0.93 during midday trading on Friday, reaching C$129.86. The company had a trading volume of 604,802 shares, compared to its average volume of 2,557,964. The stock has a fifty day moving average price of C$142.65 and a 200 day moving average price of C$142.20. The firm has a market cap of C$87.20 billion and a PE ratio of 10.01. Bank of Montreal has a fifty-two week low of C$121.76 and a fifty-two week high of C$154.47.

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) last posted its quarterly earnings data on Tuesday, March 1st. The bank reported C$3.89 EPS for the quarter, topping analysts’ consensus estimates of C$3.30 by C$0.59. The company had revenue of C$7.72 billion during the quarter, compared to analyst estimates of C$6.67 billion. Research analysts forecast that Bank of Montreal will post 14.8100015 earnings per share 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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Analyst Recommendations for Bank of Montreal (TSE:BMO)

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