Bank of Montreal (TSE:BMO) Price Target Raised to C$208.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective raised by Desjardins from C$195.00 to C$208.00 in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has a hold rating on the bank’s stock.

A number of other equities analysts have also recently commented on BMO. Canadian Imperial Bank of Commerce boosted their price target on shares of Bank of Montreal from C$199.00 to C$209.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Bank of America upped 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. Scotiabank raised their price target on Bank of Montreal from C$191.00 to C$208.00 and gave the company a “sector perform” rating in a research report on Thursday. Barclays lifted their price target on Bank of Montreal from C$196.00 to C$199.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, TD Securities increased their price objective on Bank of Montreal from C$209.00 to C$219.00 in a research report on Monday, February 9th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Bank of Montreal currently has a consensus rating of “Hold” and an average price target of C$202.33.

Bank of Montreal Stock Down 3.6%

BMO stock opened at C$196.31 on Thursday. The stock has a 50-day simple moving average of C$188.49 and a two-hundred day simple moving average of C$179.06. Bank of Montreal has a twelve month low of C$121.31 and a twelve month high of C$204.57. The firm has a market capitalization of C$139.17 billion, a PE ratio of 17.16, a PEG ratio of 0.71 and a beta of 1.38.

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

Bank of Montreal News Summary

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.