Bank of Montreal (TSE:BMO) Receives Average Rating of “Hold” from Analysts

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$189.17.

Several brokerages have commented on BMO. Scotiabank raised their price target on shares of Bank of Montreal from C$187.00 to C$191.00 in a research report on Friday, January 9th. Barclays increased their price objective on Bank of Montreal from C$177.00 to C$181.00 and gave the company an “equal weight” rating in a research note on Friday, December 5th. Jefferies Financial Group boosted their target price on Bank of Montreal from C$182.00 to C$187.00 in a research note on Wednesday. Desjardins upped their price target on Bank of Montreal from C$189.00 to C$195.00 and gave the stock a “hold” rating in a report on Monday, February 9th. Finally, National Bank Financial lowered Bank of Montreal from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$173.00 to C$181.00 in a research report on Monday, November 17th.

Bank of Montreal Price Performance

TSE BMO opened at C$192.17 on Friday. The company has a market cap of C$136.23 billion, a P/E ratio of 16.80, a P/E/G ratio of 0.71 and a beta of 1.38. The stock has a 50-day moving average of C$184.86 and a two-hundred day moving average of C$175.94. Bank of Montreal has a 1-year low of C$121.31 and a 1-year high of C$198.68.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings data 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, analysts anticipate that Bank of Montreal will post 9.6514585 EPS for the current fiscal 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.