Bank of Montreal (TSE:BMO) Price Target Increased to C$159.00 by Analysts at Scotiabank

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) had its price target upped by equities researchers at Scotiabank from C$158.00 to C$159.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 17.14% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Canaccord Genuity Group boosted their target price on Bank of Montreal from C$169.00 to C$171.00 in a report on Wednesday, March 2nd. Cormark reaffirmed a “buy” rating and issued a C$34.00 price objective on shares of Bank of Montreal in a report on Tuesday, February 22nd. National Bank Financial lowered Bank of Montreal from an “outperform” rating to a “sector perform” rating in a report on Sunday, March 6th. Royal Bank of Canada upped their price objective on Bank of Montreal from C$160.00 to C$164.00 and gave the company an “outperform” rating in a report on Wednesday, March 2nd. Finally, Stifel Nicolaus upped their target price on Bank of Montreal from C$157.00 to C$160.00 in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$148.54.

Shares of TSE:BMO traded up C$2.96 during trading on Thursday, hitting C$135.73. 833,662 shares of the company were exchanged, compared to its average volume of 2,550,282. The stock has a market cap of C$91.14 billion and a price-to-earnings ratio of 10.44. Bank of Montreal has a fifty-two week low of C$121.76 and a fifty-two week high of C$154.47. The firm has a fifty day moving average price of C$141.20 and a two-hundred day moving average price of C$142.06.

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 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 predict that Bank of Montreal will post 14.5699997 EPS for the current fiscal year.

About Bank of Montreal (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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