Bank of Montreal (TSE:BMO) Given New C$195.00 Price Target at Desjardins

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price increased by Desjardins from C$189.00 to C$195.00 in a report published on Monday morning,BayStreet.CA reports. Desjardins currently has a hold rating on the bank’s stock.

A number of other analysts also recently weighed in on BMO. Barclays increased their price objective on Bank of Montreal from C$177.00 to C$181.00 and gave the company an “equal weight” rating in a report on Friday, December 5th. Natl Bk Canada lowered Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. National Bankshares downgraded Bank of Montreal from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$173.00 to C$181.00 in a research report on Monday, November 17th. Bank of America lifted their price objective on Bank of Montreal from C$179.00 to C$183.00 in a research note on Friday, December 5th. Finally, Jefferies Financial Group increased their target price on shares of Bank of Montreal from C$181.00 to C$182.00 in a research report on Friday, December 5th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$186.50.

Bank of Montreal Price Performance

Bank of Montreal stock opened at C$196.29 on Monday. The business has a 50 day moving average of C$183.51 and a 200-day moving average of C$175.16. The company has a market capitalization of C$139.15 billion, a P/E ratio of 17.16, a P/E/G ratio of 0.71 and a beta of 1.38. Bank of Montreal has a 1 year low of C$121.31 and a 1 year high of C$196.36.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its 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 firm had revenue of C$9.34 billion for the quarter. Equities analysts anticipate that Bank of Montreal will post 9.6514585 EPS for the current 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.