Barclays Increases Bank of Montreal Price Target to C$84.00 (BMO)
Research analysts at Barclays boosted their target price on shares of Bank of Montreal (TSE:BMO) from C$80.00 to C$84.00 in a report released on Tuesday. Barclays’ price objective would indicate a potential upside of 4.52% from the stock’s previous close.
Shares of Bank of Montreal (TSE:BMO) traded up 0.85% on Tuesday, hitting $81.05. The stock had a trading volume of 390,391 shares. Bank of Montreal has a 1-year low of $63.80 and a 1-year high of $82.79. The stock has a 50-day moving average of $80.40 and a 200-day moving average of $75.79. The company has a market cap of $52.277 billion and a price-to-earnings ratio of 12.29.
Bank of Montreal (TSE:BMO) last announced its earnings results on Thursday, May 29th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.10. Analysts expect that Bank of Montreal will post $6.54 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Bank of Montreal from C$72.00 to C$84.00 in a research note on Tuesday. Separately, 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. Finally, 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. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Bank of Montreal currently has a consensus rating of “Hold” and an average price target of C$80.92.
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.
Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with Analyst Ratings Network's FREE daily email newsletter.