Canaccord Genuity Group Forecasts Strong Price Appreciation for Bank of Montreal (TSE:BMO) Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective boosted by Canaccord Genuity Group from C$201.00 to C$218.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the bank’s stock. Canaccord Genuity Group’s target price would suggest a potential upside of 13.44% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada boosted their price objective on Bank of Montreal from C$163.00 to C$178.00 in a research report on Friday, December 5th. Barclays lifted their target price on Bank of Montreal from C$177.00 to C$181.00 and gave the company an “equal weight” rating in a research note on Friday, December 5th. Bank of America boosted their price target on Bank of Montreal from C$179.00 to C$183.00 in a report on Friday, December 5th. Natl Bk Canada downgraded Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Finally, Scotiabank increased their price objective on shares of Bank of Montreal from C$187.00 to C$191.00 in a report on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Bank of Montreal presently has a consensus rating of “Hold” and a consensus target price of C$189.17.

Bank of Montreal Price Performance

Shares of TSE BMO opened at C$192.17 on Thursday. The firm has a fifty day moving average price of C$184.86 and a 200-day moving average price of C$175.94. The stock has a market cap of C$136.23 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. Bank of Montreal has a 1 year low of C$121.31 and a 1 year high of C$198.68.

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