TD Securities Upgrades Bank of Montreal (TSE:BMO) to “Buy”

Bank of Montreal (TSE:BMO) (NYSE:BMO) was upgraded by TD Securities from a “hold” rating to a “buy” rating in a research report issued on Wednesday, MarketBeat.com reports. The brokerage presently has a C$209.00 price target on the bank’s stock, up from their previous price target of C$184.00. TD Securities’ target price suggests a potential upside of 9.48% from the company’s current price.

Other equities analysts have also issued reports about the company. Desjardins upped their target price on Bank of Montreal from C$180.00 to C$189.00 and gave the company a “hold” rating in a report on Thursday, December 18th. National Bankshares cut Bank of Montreal from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$173.00 to C$181.00 in a research report on Monday, November 17th. Jefferies Financial Group raised their target price on Bank of Montreal from C$181.00 to C$182.00 in a research report on Friday, December 5th. Barclays lifted their target price on Bank of Montreal from C$177.00 to C$181.00 and gave the stock an “equal weight” rating in a research note on Friday, December 5th. Finally, Royal Bank Of Canada increased their price target on shares of Bank of Montreal from C$163.00 to C$178.00 in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Bank of Montreal presently has an average rating of “Hold” and a consensus price target of C$185.17.

Bank of Montreal Price Performance

TSE BMO opened at C$190.90 on Wednesday. The company has a fifty day moving average price of C$181.09 and a 200-day moving average price of C$173.17. The firm has a market cap of C$135.33 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 0.71 and a beta of 1.39. Bank of Montreal has a 1 year low of C$121.31 and a 1 year high of C$191.51.

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

Bank of Montreal Company Profile

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.