Barclays Increases Bank of Montreal (TSE:BMO) Price Target to C$196.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price lifted by research analysts at Barclays from C$181.00 to C$196.00 in a report released on Thursday,BayStreet.CA reports. Barclays‘s target price suggests a potential downside of 1.88% from the company’s current price.

Several other brokerages have also recently commented on BMO. Desjardins upped their target price on shares of Bank of Montreal from C$189.00 to C$195.00 and gave the company a “hold” rating in a research report on Monday, February 9th. Raymond James Financial raised Bank of Montreal from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$183.00 to C$214.00 in a research note on Friday, February 13th. National Bank Financial increased their target price on Bank of Montreal from C$181.00 to C$186.00 and gave the company a “sector perform” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce raised their target price 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, Royal Bank Of Canada upped their price target on Bank of Montreal from C$163.00 to C$178.00 in a research note on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$193.42.

Bank of Montreal Trading Up 1.5%

Shares of TSE:BMO opened at C$199.76 on Thursday. Bank of Montreal has a 1-year low of C$121.31 and a 1-year high of C$199.90. The stock has a market capitalization of C$141.61 billion, a P/E ratio of 17.46, a P/E/G ratio of 0.71 and a beta of 1.38. The business has a 50-day moving average price of C$186.54 and a two-hundred day moving average price of C$177.38.

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 for the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. As a group, equities 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.