Bank of Montreal (TSE:BMO) Price Target Raised to C$187.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target increased by Jefferies Financial Group from C$182.00 to C$187.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

BMO has been the subject of a number of other research reports. Natl Bk Canada downgraded Bank of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Canaccord Genuity Group boosted their price objective on shares of Bank of Montreal from C$192.00 to C$201.00 in a research report on Friday, December 5th. Raymond James Financial raised their target price on shares of Bank of Montreal from C$182.00 to C$183.00 in a research report on Monday, December 8th. Royal Bank Of Canada lifted their target price on shares of Bank of Montreal from C$163.00 to C$178.00 in a research note on Friday, December 5th. Finally, Barclays increased their price target on shares of Bank of Montreal from C$177.00 to C$181.00 and gave the stock an “equal weight” rating in a research note on Friday, December 5th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Bank of Montreal currently has an average rating of “Hold” and an average price target of C$189.17.

Bank of Montreal Stock Up 0.7%

Shares of BMO opened at C$192.17 on Wednesday. The firm has a fifty day simple moving average of C$184.86 and a two-hundred day simple moving average of C$175.94. Bank of Montreal has a twelve month low of C$121.31 and a twelve month high of C$198.68. The stock has a market capitalization of C$136.23 billion, a P/E ratio of 16.80, a PEG ratio of 0.71 and a beta of 1.38.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share for the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. The company had revenue of C$9.34 billion during the quarter. Sell-side analysts expect that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Bank of Montreal Company Profile

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.