Bank of Montreal (TSE:BMO) Given Average Rating of “Hold” by Brokerages

Bank of Montreal (TSE:BMO) (NYSE:BMO) has received a consensus rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$202.50.

A number of equities research analysts have issued reports on the company. Canadian Imperial Bank of Commerce upped their target price on Bank of Montreal from C$209.00 to C$211.00 in a research report on Thursday, March 5th. Barclays lifted 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, February 26th. Canaccord Genuity Group upped their price objective on shares of Bank of Montreal from C$218.00 to C$224.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. National Bank Financial raised their target price on shares of Bank of Montreal from C$186.00 to C$205.00 and gave the company a “sector perform” rating in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada lifted their target price on shares of Bank of Montreal from C$178.00 to C$219.00 in a report on Thursday, February 26th.

Bank of Montreal Stock Performance

Bank of Montreal stock opened at C$194.35 on Wednesday. Bank of Montreal has a 52 week low of C$121.31 and a 52 week high of C$204.57. The firm has a market capitalization of C$137.25 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 0.71 and a beta of 1.29. The company has a 50 day moving average price of C$190.92 and a 200 day moving average price of C$181.13.

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.