Bank of Montreal (TSE:BMO) Price Target Raised to C$205.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective lifted by National Bank Financial from C$186.00 to C$205.00 in a research report released on Thursday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the bank’s stock.

Other equities analysts have also issued research reports about the company. Scotiabank boosted their price objective on Bank of Montreal from C$187.00 to C$191.00 in a research note on Friday, January 9th. Raymond James Financial upgraded Bank of Montreal from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$183.00 to C$214.00 in a report on Friday, February 13th. Barclays boosted their price target on shares of Bank of Montreal from C$196.00 to C$199.00 and gave the company an “equal weight” rating in a research report on Thursday. Royal Bank Of Canada upped their price objective on shares of Bank of Montreal from C$178.00 to C$219.00 in a report on Thursday. Finally, Bank of America raised their price objective on shares of 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$202.33.

Bank of Montreal Trading Down 3.6%

Shares of BMO stock opened at C$196.31 on Thursday. Bank of Montreal has a 12-month low of C$121.31 and a 12-month high of C$204.57. The business’s 50 day moving average is C$188.49 and its two-hundred day moving average is C$179.06. The company has a market capitalization 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 (TSE:BMO) (NYSE:BMO) last released its earnings results on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. The business had revenue of C$9.34 billion during the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. On average, research analysts predict that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

More Bank of Montreal News

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

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.