Canadian Imperial Bank of Commerce Raises Bank of Montreal (TSE:BMO) Price Target to C$209.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target upped by analysts at Canadian Imperial Bank of Commerce from C$199.00 to C$209.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the bank’s stock. Canadian Imperial Bank of Commerce’s price target would indicate a potential upside of 8.76% from the stock’s previous close.

BMO has been the subject of a number of other research reports. Scotiabank increased their target price on shares of Bank of Montreal from C$187.00 to C$191.00 in a research report on Friday, January 9th. Natl Bk Canada downgraded shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. National Bank Financial lowered shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$173.00 to C$181.00 in a research note on Monday, November 17th. Bank of America boosted their target price on shares of Bank of Montreal from C$179.00 to C$183.00 in a report on Friday, December 5th. Finally, Royal Bank Of Canada raised their price target on Bank of Montreal from C$163.00 to C$178.00 in a report on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$189.17.

Bank of Montreal Stock Up 0.7%

Shares of BMO stock opened at C$192.17 on Friday. The company has a 50 day moving average of C$184.86 and a 200-day moving average of C$176.08. Bank of Montreal has a 12-month low of C$121.31 and a 12-month high of C$198.68. The firm has a market cap of C$136.23 billion, a P/E ratio of 16.80, a PEG ratio of 0.71 and a beta of 1.38.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings results on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%.The firm had revenue of C$9.34 billion for the quarter. As a group, equities analysts expect that Bank of Montreal will post 9.6514585 EPS for the current 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.