Bank of Montreal (TSE:BMO) Raised to “Buy” at TD Securities

Bank of Montreal (TSE:BMO) (NYSE:BMO) was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a C$209.00 price target on the bank’s stock, up from their previous price target of C$184.00. TD Securities’ price objective would indicate a potential upside of 11.08% from the company’s current price.

Several other brokerages also recently weighed in on BMO. Raymond James Financial raised their price target on Bank of Montreal from C$182.00 to C$183.00 in a report on Monday, December 8th. Barclays lifted their price objective on shares of Bank of Montreal from C$177.00 to C$181.00 and gave the stock an “equal weight” rating in a research note on Friday, December 5th. CIBC lifted their price target on Bank of Montreal from C$192.00 to C$199.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Royal Bank Of Canada increased their price objective on Bank of Montreal from C$163.00 to C$178.00 in a report on Friday, December 5th. Finally, Natl Bk Canada lowered Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$185.17.

Bank of Montreal Stock Performance

BMO traded up C$0.75 on Wednesday, hitting C$188.15. The company had a trading volume of 4,375,457 shares, compared to its average volume of 2,665,900. Bank of Montreal has a 12-month low of C$121.31 and a 12-month high of C$191.51. The stock has a market capitalization of C$133.38 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 0.71 and a beta of 1.39. The stock has a fifty day moving average price of C$180.30 and a 200-day moving average price of C$172.93.

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