Bank of Montreal (BMO) Price Target Increased to C$107.00 by Analysts at CSFB

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price lifted by stock analysts at CSFB from C$103.00 to C$107.00 in a research note issued to investors on Friday. CSFB’s price objective points to a potential upside of 2.45% from the company’s current price.

Several other research firms have also issued reports on BMO. National Bank Financial lifted their target price on Bank of Montreal from C$103.00 to C$106.00 and gave the company a “sector perform” rating in a research note on Friday, January 12th. Citigroup lifted their target price on Bank of Montreal from C$112.00 to C$116.00 in a research note on Monday, December 18th. Scotiabank lifted their target price on Bank of Montreal from C$112.00 to C$114.00 and gave the company an “outperform” rating in a research note on Wednesday, December 6th. Royal Bank of Canada lifted their target price on Bank of Montreal from C$108.00 to C$116.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 6th. Finally, Eight Capital lifted their target price on Bank of Montreal from C$101.00 to C$106.00 in a research note on Wednesday, December 6th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$106.58.

Shares of Bank of Montreal (BMO) traded up C$0.72 during trading on Friday, hitting C$104.44. The stock had a trading volume of 1,936,051 shares, compared to its average volume of 1,372,600. The stock has a market capitalization of $67,660.00, a price-to-earnings ratio of 13.19 and a beta of 0.71. Bank of Montreal has a 1 year low of C$88.63 and a 1 year high of C$104.91.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its earnings results on Tuesday, December 5th. The bank reported C$1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.99 by C($0.05). Bank of Montreal had a net margin of 25.41% and a return on equity of 13.54%.

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Bank of Montreal Company Profile

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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