CSFB Lowers Bank of Montreal (TSE:BMO) Price Target to C$157.00

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) had its price objective decreased by research analysts at CSFB from C$159.00 to C$157.00 in a research report issued on Thursday, BayStreet.CA reports. CSFB’s target price indicates a potential upside of 15.67% from the company’s current price.

Other research analysts also recently issued reports about the stock. Canaccord Genuity Group increased their price objective on shares of Bank of Montreal from C$169.00 to C$171.00 in a research note on Wednesday, March 2nd. National Bankshares raised their price target on shares of Bank of Montreal from C$151.00 to C$152.00 and gave the stock a “sector perform” rating in a research report on Thursday. National Bank Financial downgraded shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating in a research report on Sunday, March 6th. TD Securities reduced their price target on shares of Bank of Montreal from C$160.00 to C$155.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Scotiabank raised their price target on shares of Bank of Montreal from C$158.00 to C$159.00 in a research report on Thursday. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Bank of Montreal currently has an average rating of “Buy” and an average target price of C$148.54.

TSE BMO traded up C$2.96 during trading hours on Thursday, reaching C$135.73. 833,662 shares of the company traded hands, compared to its average volume of 2,550,282. Bank of Montreal has a 12 month low of C$121.76 and a 12 month high of C$154.47. The stock has a market capitalization of C$91.14 billion and a PE ratio of 10.44. The company has a 50 day moving average of C$141.20 and a two-hundred day moving average of C$142.06.

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, beating analysts’ consensus estimates of C$3.30 by C$0.59. The company had revenue of C$7.72 billion for the quarter, compared to the consensus estimate of C$6.67 billion. Analysts forecast 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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