Bank of Montreal (TSE:BMO) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price boosted by equities research analysts at Canaccord Genuity Group from C$224.00 to C$230.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the bank’s stock. Canaccord Genuity Group’s price target points to a potential upside of 5.50% from the stock’s current price.

A number of other research analysts have also recently issued reports on BMO. Desjardins increased their target price on shares of Bank of Montreal from C$208.00 to C$212.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Raymond James Financial raised their target price on shares of Bank of Montreal from C$214.00 to C$227.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. National Bank Financial raised their target price on shares of Bank of Montreal from C$205.00 to C$223.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. TD Securities raised their target price on shares of Bank of Montreal from C$209.00 to C$219.00 in a research report on Monday, February 9th. Finally, Royal Bank Of Canada decreased their target price on shares of Bank of Montreal from C$219.00 to C$205.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 25th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$208.31.

Bank of Montreal Stock Performance

TSE BMO traded up C$6.10 during trading hours on Wednesday, hitting C$218.01. The company had a trading volume of 1,009,704 shares, compared to its average volume of 2,673,380. Bank of Montreal has a 1-year low of C$142.03 and a 1-year high of C$218.15. The company has a market cap of C$153.68 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 0.71 and a beta of 1.25. The business has a 50 day moving average of C$198.73 and a 200-day moving average of C$188.99.

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.