Bank of Montreal (TSE:BMO) PT Raised to C$157.00 at Canaccord Genuity Group

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) had its target price lifted by investment analysts at Canaccord Genuity Group from C$155.00 to C$157.00 in a report released on Thursday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 15.67% from the stock’s previous close.

Other analysts have also issued research reports about the company. Credit Suisse Group lowered their price target on Bank of Montreal to C$157.00 and set an “outperform” rating for the company in a report on Thursday. Stifel Nicolaus boosted their price target on Bank of Montreal from C$157.00 to C$160.00 in a report on Thursday. Cormark reiterated a “buy” rating and issued a C$34.00 price target on shares of Bank of Montreal in a report on Tuesday, February 22nd. National Bankshares upped their target price on Bank of Montreal from C$151.00 to C$152.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Royal Bank of Canada upped their target price on Bank of Montreal from C$160.00 to C$164.00 and gave the stock an “outperform” rating in a report on Wednesday, March 2nd. Four 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 stock has a consensus rating of “Buy” and an average target price of C$148.54.

Shares of TSE:BMO traded up C$2.96 during trading hours on Thursday, hitting C$135.73. 833,662 shares of the company’s stock traded hands, compared to its average volume of 2,550,282. Bank of Montreal has a 1 year low of C$121.76 and a 1 year high of C$154.47. The business has a fifty day moving average price of C$141.20 and a 200-day moving average price of C$142.06. The firm has a market capitalization of C$91.14 billion and a P/E ratio of 10.44.

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) last announced its earnings results on Tuesday, March 1st. The bank reported C$3.89 earnings per share (EPS) for the quarter, beating 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, analysts predict that Bank of Montreal will post 14.5699997 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.

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