Canaccord Genuity Group Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target boosted by Canaccord Genuity Group from C$201.00 to C$218.00 in a report issued on Thursday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the bank’s stock.

A number of other research analysts have also recently weighed in on the company. National Bank Financial cut Bank of Montreal from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$173.00 to C$181.00 in a research report on Monday, November 17th. TD Securities increased their price objective on shares of Bank of Montreal from C$209.00 to C$219.00 in a research note on Monday. Royal Bank Of Canada raised their target price on shares of Bank of Montreal from C$163.00 to C$178.00 in a report on Friday, December 5th. Bank of America lifted their target price on shares of Bank of Montreal from C$179.00 to C$183.00 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 report on Friday, December 5th. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$188.33.

Bank of Montreal Price Performance

BMO opened at C$190.78 on Thursday. The stock has a market cap of C$135.25 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.71 and a beta of 1.38. The stock’s 50 day simple moving average is C$184.58 and its 200 day simple moving average is C$175.68. Bank of Montreal has a 1-year low of C$121.31 and a 1-year high of C$198.68.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings data on Thursday, December 4th. The bank reported C$3.28 earnings per share (EPS) for the quarter. The firm had revenue of C$9.34 billion during the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%. Research analysts expect 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.