Bank of Montreal (TSE:BMO) Given New C$223.00 Price Target at National Bank Financial

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective raised by research analysts at National Bank Financial from C$205.00 to C$223.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the bank’s stock. National Bank Financial’s price target would suggest a potential upside of 6.50% from the company’s current price.

Several other equities analysts also recently commented on the stock. Canaccord Genuity Group increased their price objective on shares of Bank of Montreal from C$218.00 to C$224.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Raymond James Financial increased their price objective on shares of Bank of Montreal from C$214.00 to C$227.00 and gave the stock an “outperform” rating in a research note on Wednesday. Scotiabank increased their price objective on shares of Bank of Montreal from C$208.00 to C$209.00 and gave the stock a “sector perform” rating in a research note on Monday, May 4th. 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, February 26th. Finally, TD increased their price objective on shares of Bank of Montreal from C$219.00 to C$234.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$207.77.

Bank of Montreal Stock Performance

Shares of BMO stock traded down C$0.60 on Friday, hitting C$209.38. The company’s stock had a trading volume of 559,769 shares, compared to its average volume of 2,658,642. The stock’s 50 day moving average is C$197.89 and its 200-day moving average is C$188.28. Bank of Montreal has a fifty-two week low of C$142.03 and a fifty-two week high of C$212.74. The company has a market capitalization of C$147.60 billion, a PE ratio of 17.45, a PEG ratio of 0.71 and a beta of 1.25.

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.