Bank of Montreal (TSE:BMO) Price Target Raised to C$208.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target upped by Scotiabank from C$191.00 to C$208.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the bank’s stock.

Several other equities research analysts have also recently commented on the stock. TD Securities lifted their price target on shares of Bank of Montreal from C$209.00 to C$219.00 in a research report on Monday, February 9th. Jefferies Financial Group reduced their price objective on shares of Bank of Montreal from C$197.00 to C$195.00 in a research note on Thursday. Barclays upped their target price 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. Raymond James Financial upgraded Bank of Montreal from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$183.00 to C$214.00 in a research report on Friday, February 13th. Finally, Royal Bank Of Canada lifted their price objective on Bank of Montreal from C$178.00 to C$219.00 in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$202.33.

Bank of Montreal Stock Down 3.6%

Bank of Montreal stock opened at C$196.31 on Thursday. The stock has a 50-day simple moving average of C$188.49 and a 200 day simple moving average of C$179.06. The stock has a market capitalization of C$139.17 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 0.71 and a beta of 1.38. Bank of Montreal has a 12-month low of C$121.31 and a 12-month high of C$204.57.

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%. As a group, sell-side analysts anticipate that Bank of Montreal will post 9.6514585 EPS for the current year.

Bank of Montreal News Roundup

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.