TD Securities Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price raised by TD Securities from C$209.00 to C$219.00 in a report released on Monday morning,BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on BMO. Bank of America increased their target price on Bank of Montreal from C$179.00 to C$183.00 in a report on Friday, December 5th. Natl Bk Canada downgraded Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Jefferies Financial Group raised their target price on shares of Bank of Montreal from C$181.00 to C$182.00 in a report on Friday, December 5th. Scotiabank lifted their target price on shares of Bank of Montreal from C$187.00 to C$191.00 in a research note on Friday, January 9th. Finally, Canaccord Genuity Group upped their price target on shares of Bank of Montreal from C$192.00 to C$201.00 in a report on Friday, December 5th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Bank of Montreal currently has a consensus rating of “Hold” and an average price target of C$186.50.

Bank of Montreal Stock Performance

BMO stock opened at C$196.29 on Monday. The firm has a market cap 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. The firm’s fifty day moving average is C$183.51 and its 200 day moving average is C$175.16. Bank of Montreal has a 52 week low of C$121.31 and a 52 week high of C$196.36.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share (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 during the quarter. As a group, analysts forecast 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.