Bank of Montreal (TSE:BMO) Price Target Raised to C$219.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target hoisted by Royal Bank Of Canada from C$178.00 to C$219.00 in a report issued on Thursday,BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on BMO. Raymond James Financial raised shares of Bank of Montreal from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$183.00 to C$214.00 in a research report on Friday, February 13th. Canaccord Genuity Group boosted their price target on Bank of Montreal from C$201.00 to C$218.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Scotiabank raised their price objective on Bank of Montreal from C$187.00 to C$191.00 in a research note on Friday, January 9th. Canadian Imperial Bank of Commerce lifted their price objective on Bank of Montreal from C$199.00 to C$209.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Jefferies Financial Group upped their target price on Bank of Montreal from C$182.00 to C$187.00 in a research report on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$202.33.

Bank of Montreal Stock Performance

Shares of BMO stock opened at C$196.31 on Thursday. The firm has a market capitalization of C$139.17 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. Bank of Montreal has a one year low of C$121.31 and a one year high of C$204.57. The company has a 50 day moving average price of C$188.49 and a 200 day moving average price of C$179.06.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share (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 during the quarter. As a group, equities analysts forecast that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Bank of Montreal News Roundup

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.