Jefferies Financial Group Increases Bank of Montreal (TSE:BMO) Price Target to C$187.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price increased by equities research analysts at Jefferies Financial Group from C$182.00 to C$187.00 in a research note issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s target price suggests a potential downside of 1.98% from the stock’s current price.

BMO has been the subject of a number of other research reports. Barclays boosted their price target on Bank of Montreal from C$177.00 to C$181.00 and gave the stock an “equal weight” rating in a research report on Friday, December 5th. Raymond James Financial increased their target price on shares of Bank of Montreal from C$182.00 to C$183.00 in a research note on Monday, December 8th. Scotiabank lifted their price target on shares of Bank of Montreal from C$187.00 to C$191.00 in a research note on Friday, January 9th. Natl Bk Canada lowered Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Finally, Desjardins lifted their price target on shares of Bank of Montreal from C$189.00 to C$195.00 and gave the company a “hold” rating in a report on Monday. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$188.33.

Bank of Montreal Price Performance

TSE BMO opened at C$190.78 on Wednesday. Bank of Montreal has a 52-week low of C$121.31 and a 52-week high of C$198.68. The firm has a market capitalization of C$135.25 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. The company has a 50 day simple moving average of C$184.58 and a 200-day simple moving average of C$175.68.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share (EPS) for the quarter. The company 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, analysts predict that Bank of Montreal will post 9.6514585 EPS for the current year.

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.