Bank of Montreal (BMO) Price Target Increased to C$115.00 by Analysts at Royal Bank of Canada

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective boosted by research analysts at Royal Bank of Canada from C$113.00 to C$115.00 in a research report issued on Wednesday. Royal Bank of Canada’s price target points to a potential upside of 18.30% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Eight Capital raised their price objective on Bank of Montreal from C$101.00 to C$106.00 in a research report on Wednesday, December 6th. CSFB raised their price objective on Bank of Montreal from C$102.00 to C$103.00 in a research report on Wednesday, December 6th. Canaccord Genuity raised their price objective on Bank of Montreal from C$103.00 to C$105.00 in a research report on Wednesday, December 6th. Barclays raised their price objective on Bank of Montreal from C$97.00 to C$98.00 in a research report on Wednesday, December 6th. Finally, CIBC raised their price objective on Bank of Montreal from C$100.00 to C$107.00 in a research report on Monday, November 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$106.50.

Shares of Bank of Montreal (TSE:BMO) traded up C$0.83 during mid-day trading on Wednesday, reaching C$97.21. The company’s stock had a trading volume of 1,452,255 shares, compared to its average volume of 1,553,902. Bank of Montreal has a 1-year low of C$88.63 and a 1-year high of C$105.55. The stock has a market cap of $63,010.00, a price-to-earnings ratio of 12.27 and a beta of 0.67.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings results on Tuesday, December 5th. The bank reported C$1.94 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$1.99 by C($0.05). The business had revenue of C$5.66 billion during the quarter, compared to analysts’ expectations of C$5.31 billion. Bank of Montreal had a return on equity of 12.00% and a net margin of 21.70%.

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About Bank of Montreal

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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