Royal Bank Of Canada Lowers Bank of Montreal (TSE:BMO) Price Target to C$205.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective dropped by Royal Bank Of Canada from C$219.00 to C$205.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 11.68% from the stock’s current price.

Several other brokerages have also commented on BMO. Canadian Imperial Bank of Commerce upped their target price on Bank of Montreal from C$209.00 to C$211.00 in a research report on Thursday, March 5th. Bank of America lifted their target price on Bank of Montreal from C$179.00 to C$183.00 in a report on Friday, December 5th. Canaccord Genuity Group boosted their price target on Bank of Montreal from C$218.00 to C$224.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Barclays cut Bank of Montreal from an “equal weight” rating to a “strong sell” rating in a report on Friday, March 20th. Finally, Scotiabank raised their price objective on shares of Bank of Montreal from C$191.00 to C$208.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Bank of Montreal presently has a consensus rating of “Hold” and an average target price of C$201.33.

Bank of Montreal Trading Down 3.1%

Shares of BMO opened at C$183.56 on Wednesday. The firm’s fifty day simple moving average is C$192.12 and its two-hundred day simple moving average is C$182.72. Bank of Montreal has a 12 month low of C$121.31 and a 12 month high of C$204.57. The stock has a market capitalization of C$129.40 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 0.71 and a beta of 1.29.

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.