Scotiabank Boosts Bank of Montreal (TSE:BMO) Price Target to C$191.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective boosted by Scotiabank from C$187.00 to C$191.00 in a research report issued on Friday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 3.49% from the company’s previous close.

A number of other equities analysts have also commented on the company. Desjardins increased their price target on Bank of Montreal from C$180.00 to C$189.00 and gave the company a “hold” rating in a research note on Thursday, December 18th. Royal Bank Of Canada upped their price objective on Bank of Montreal from C$163.00 to C$178.00 in a report on Friday, December 5th. CIBC raised their target price on shares of Bank of Montreal from C$192.00 to C$199.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. TD Securities boosted their price target on shares of Bank of Montreal from C$182.00 to C$184.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Finally, Barclays upped their price target on shares of Bank of Montreal from C$177.00 to C$181.00 and gave the company an “equal weight” rating in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$183.08.

Bank of Montreal Stock Performance

BMO opened at C$184.56 on Friday. The stock has a market capitalization of C$130.84 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 0.71 and a beta of 1.39. The company has a fifty day moving average of C$177.06 and a 200 day moving average of C$169.85. Bank of Montreal has a fifty-two week low of C$121.31 and a fifty-two week high of C$185.99.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings results on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. The business had revenue of C$9.34 billion for the quarter. On average, equities research analysts forecast that Bank of Montreal will post 9.6514585 earnings per share for the current year.

About Bank of Montreal

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.