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Bank of Montreal (TSE:BMO) has earned an average rating of “Hold” from the twelve analysts that are presently covering the company, Analyst Ratings Net reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$78.83.

Several analysts have recently commented on the stock. Analysts at CIBC raised their price target on shares of Bank of Montreal from C$81.00 to C$86.00 in a research note on Tuesday, August 12th. They now have a “sector perform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Bank of Montreal from C$81.00 to C$84.00 in a research note on Monday, June 9th. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital downgraded shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 30th. They now have a C$77.00 price target on the stock, up previously from C$76.00.

Shares of Bank of Montreal (TSE:BMO) opened at 80.22 on Wednesday. Bank of Montreal has a 1-year low of $63.80 and a 1-year high of $82.79. The stock’s 50-day moving average is $80.3 and its 200-day moving average is $75.68. The company has a market cap of $51.742 billion and a P/E ratio of 12.28.

Bank of Montreal (TSE:BMO) last announced its earnings results on Thursday, May 29th. The company reported $1.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.53 by $0.10. On average, analysts predict that Bank of Montreal will post $6.54 earnings per share for the current fiscal year.

Bank of Montreal (TSE:BMO) is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services.

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