Jefferies Financial Group Cuts Bank of Montreal (TSE:BMO) Price Target to C$195.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price reduced by Jefferies Financial Group from C$197.00 to C$195.00 in a report released on Thursday morning,BayStreet.CA reports.

A number of other analysts have also commented on the company. Royal Bank Of Canada lifted their price objective on Bank of Montreal from C$178.00 to C$219.00 in a research report on Thursday. Desjardins lifted their price target on shares of Bank of Montreal from C$189.00 to C$195.00 and gave the stock a “hold” rating in a research report on Monday, February 9th. Canadian Imperial Bank of Commerce boosted their price target on shares of Bank of Montreal from C$199.00 to C$209.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. TD Securities increased their price objective on shares of Bank of Montreal from C$209.00 to C$219.00 in a report on Monday, February 9th. Finally, Canaccord Genuity Group lifted their target price on shares of Bank of Montreal from C$201.00 to C$218.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Bank of Montreal currently has an average rating of “Hold” and an average price target of C$202.33.

Bank of Montreal Stock Performance

Shares of TSE:BMO opened at C$196.31 on Thursday. The business has a fifty day moving average of C$188.49 and a 200-day moving average of C$179.06. Bank of Montreal has a twelve month low of C$121.31 and a twelve month high of C$204.57. The firm has a market cap of C$139.17 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings data on Thursday, December 4th. The bank reported C$3.28 earnings per share (EPS) for the quarter. The firm had revenue of C$9.34 billion for the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%. On average, analysts anticipate that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Key Headlines Impacting Bank of Montreal

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

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.