Bank of Montreal (TSE:BMO) Reaches New 12-Month High on Analyst Upgrade

Bank of Montreal (TSE:BMO) (NYSE:BMO)’s stock price reached a new 52-week high during mid-day trading on Monday after TD Securities raised their price target on the stock from C$209.00 to C$219.00. The stock traded as high as C$195.15 and last traded at C$193.68, with a volume of 1819088 shares traded. The stock had previously closed at C$193.48.

Other equities research analysts also recently issued reports about the stock. Bank of America lifted their price target on shares of Bank of Montreal from C$179.00 to C$183.00 in a report on Friday, December 5th. Natl Bk Canada cut shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Raymond James Financial increased their price target on Bank of Montreal from C$182.00 to C$183.00 in a research note on Monday, December 8th. Canaccord Genuity Group lifted their price objective on Bank of Montreal from C$192.00 to C$201.00 in a research report on Friday, December 5th. Finally, Desjardins upped their target price on Bank of Montreal from C$189.00 to C$195.00 and gave the company a “hold” rating in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$186.50.

Bank of Montreal Stock Up 1.5%

The stock has a fifty day moving average of C$183.51 and a two-hundred day moving average of C$175.16. The stock has a market cap of C$139.15 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 0.71 and a beta of 1.38.

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