Bank of Montreal (TSE:BMO) Upgraded at TD Securities

TD Securities upgraded shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) from a hold rating to a buy rating in a report published on Wednesday, Marketbeat Ratings reports. The brokerage currently has C$209.00 target price on the bank’s stock, up from their prior target price of C$184.00.

A number of other research analysts also recently commented on the company. Raymond James Financial increased their target price on Bank of Montreal from C$182.00 to C$183.00 in a report on Monday, December 8th. Canaccord Genuity Group upped their price target on Bank of Montreal from C$192.00 to C$201.00 in a research report on Friday, December 5th. Desjardins raised their price objective on Bank of Montreal from C$180.00 to C$189.00 and gave the stock a “hold” rating in a research note on Thursday, December 18th. Natl Bk Canada lowered shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Finally, Bank of America increased their target price on shares of Bank of Montreal from C$179.00 to C$183.00 in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$185.17.

Bank of Montreal Price Performance

Shares of BMO stock opened at C$185.37 on Wednesday. The firm has a fifty day moving average of C$181.39 and a two-hundred day moving average of C$173.37. The firm has a market cap of C$131.41 billion, a P/E ratio of 16.20, a P/E/G ratio of 0.71 and a beta of 1.39. Bank of Montreal has a 1-year low of C$121.31 and a 1-year high of C$191.51.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share (EPS) for the quarter. The business 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, sell-side analysts expect that Bank of Montreal will post 9.6514585 EPS for the current 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.