Bank of Montreal (TSE:BMO) Price Target Raised to C$219.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target lifted by TD Securities from C$209.00 to C$219.00 in a report issued on Monday,BayStreet.CA reports. TD Securities’ target price points to a potential upside of 12.26% from the stock’s current price.

BMO has been the topic of several other reports. Canadian Imperial Bank of Commerce lifted their price objective on Bank of Montreal from C$192.00 to C$199.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Royal Bank Of Canada raised their target price on shares of Bank of Montreal from C$163.00 to C$178.00 in a research note on Friday, December 5th. Natl Bk Canada lowered shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Jefferies Financial Group increased their price target on Bank of Montreal from C$181.00 to C$182.00 in a report on Friday, December 5th. Finally, Barclays raised 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 report on Friday, December 5th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$186.50.

Bank of Montreal Price Performance

BMO stock traded up C$1.60 on Monday, hitting C$195.08. 2,033,630 shares of the company were exchanged, compared to its average volume of 3,118,587. The stock has a market capitalization of C$138.29 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. Bank of Montreal has a twelve month low of C$121.31 and a twelve month high of C$195.24. The business’s fifty day moving average is C$183.06 and its two-hundred day moving average is C$174.87.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share 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%. Equities research analysts expect that Bank of Montreal will post 9.6514585 earnings per share 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.