Bank of Montreal (TSE:BMO) Hits New 1-Year High on Analyst Upgrade

Bank of Montreal (TSE:BMO) (NYSE:BMO)’s share price hit a new 52-week high during mid-day trading on Friday after Barclays raised their price target on the stock from C$181.00 to C$196.00. The company traded as high as C$198.73 and last traded at C$198.45, with a volume of 481605 shares. The stock had previously closed at C$196.75.

BMO has been the topic of several other research reports. Scotiabank increased their target price on Bank of Montreal from C$187.00 to C$191.00 in a report on Friday, January 9th. TD Securities increased their price objective on Bank of Montreal from C$209.00 to C$219.00 in a report on Monday, February 9th. Canaccord Genuity Group boosted their target price on Bank of Montreal from C$201.00 to C$218.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Desjardins upped their price target on Bank of Montreal from C$189.00 to C$195.00 and gave the company a “hold” rating in a report on Monday, February 9th. Finally, Jefferies Financial Group raised their price objective on shares of Bank of Montreal from C$182.00 to C$187.00 in a report on Wednesday, February 11th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of Montreal currently has a consensus rating of “Hold” and a consensus price target of C$193.42.

Bank of Montreal Stock Performance

The stock has a market cap of C$141.61 billion, a PE ratio of 17.46, a P/E/G ratio of 0.71 and a beta of 1.38. The firm’s 50-day moving average is C$186.54 and its 200 day moving average is C$177.54.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share (EPS) for the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%.The firm had revenue of C$9.34 billion for the quarter. On average, sell-side analysts predict 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.