Bank of Montreal (TSE:BMO) Price Target Raised to C$209.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target raised by Canadian Imperial Bank of Commerce from C$199.00 to C$209.00 in a report published on Friday morning,BayStreet.CA reports. Canadian Imperial Bank of Commerce currently has an outperform rating on the bank’s stock.

Other equities analysts have also issued reports about the company. Desjardins lifted their price objective on Bank of Montreal from C$189.00 to C$195.00 and gave the stock a “hold” rating in a research note on Monday, February 9th. Raymond James Financial increased their target price on Bank of Montreal from C$182.00 to C$183.00 in a research note on Monday, December 8th. Barclays lifted their price target on Bank of Montreal from C$177.00 to C$181.00 and gave the stock an “equal weight” rating in a research report on Friday, December 5th. Canaccord Genuity Group upped their price target on Bank of Montreal from C$201.00 to C$218.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Natl Bk Canada cut Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Bank of Montreal presently has an average rating of “Hold” and a consensus price target of C$189.17.

Bank of Montreal Trading Up 0.7%

TSE BMO opened at C$192.17 on Friday. The company has a fifty day simple moving average of C$184.86 and a 200 day simple moving average of C$176.23. The company has a market cap of C$136.23 billion, a P/E ratio of 16.80, a P/E/G 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 announced its earnings results on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. The firm 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%. Equities research analysts forecast that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

About Bank of Montreal

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.