Bank of Montreal (TSE:BMO) Price Target Raised to C$199.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target hoisted by Barclays from C$196.00 to C$199.00 in a report published on Thursday,BayStreet.CA reports. The firm currently has an equal weight rating on the bank’s stock.

A number of other research analysts have also recently issued reports on BMO. Canadian Imperial Bank of Commerce lifted their price target on shares of Bank of Montreal from C$199.00 to C$209.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Royal Bank Of Canada raised their target price on shares of Bank of Montreal from C$178.00 to C$219.00 in a research note on Thursday. Jefferies Financial Group lowered their target price on shares of Bank of Montreal from C$197.00 to C$195.00 in a report on Thursday. Desjardins upped their price target on Bank of Montreal from C$189.00 to C$195.00 and gave the stock a “hold” rating in a research note on Monday, February 9th. Finally, Bank of America raised their price objective on Bank of Montreal from C$179.00 to C$183.00 in a research report on Friday, December 5th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$202.33.

Bank of Montreal Trading Down 3.6%

Bank of Montreal stock opened at C$196.31 on Thursday. The firm has a market cap of C$139.17 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$204.57. The firm has a 50-day moving average of C$188.49 and a 200-day moving average of C$179.06.

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. 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 for the quarter. Research analysts forecast that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

Key Stories Impacting Bank of Montreal

Here are the key news stories impacting Bank of Montreal this week:

• Positive Sentiment: Canaccord raised its target to C$224 and kept a Buy rating — one of the largest upside calls among brokers, signalling stronger conviction in BMO’s outlook. Canaccord raise
• Positive Sentiment: Royal Bank of Canada boosted its target to C$219, implying material upside and supporting the thesis of improved earnings and capital returns. RBC raise
• Positive Sentiment: TD Cowen reiterated a Buy, citing improving profitability, U.S. growth and capital-return improvements as the reasons backing a bullish stance. TD Cowen note
• Positive Sentiment: Desjardins raised its target to C$208 and kept a Hold — the higher target is constructive for medium-term upside. Desjardins raise
• Positive Sentiment: Scotiabank lifted its target to C$208 with a Sector Perform — another incremental positive to consensus targets. Scotiabank raise
• Neutral Sentiment: Barclays raised its target to C$199 but kept an Equal Weight rating, suggesting limited near-term upside from their view. Barclays note
• Neutral Sentiment: National Bank increased its target to C$205 but maintained a Sector Perform rating — positive for price target consensus but not a change in conviction. National Bank piece Yahoo summary
• Negative Sentiment: Jefferies trimmed its target slightly to C$195, representing downside from current levels and reflecting a more cautious near-term view. Jefferies note

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.