Bank of Montreal (TSE:BMO) Price Target Cut to C$195.00 by Analysts at Jefferies Financial Group

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) had its price target reduced by equities research analysts at Jefferies Financial Group from C$197.00 to C$195.00 in a report issued on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price objective suggests a potential downside of 3.91% from the stock’s previous close.

A number of other research firms also recently issued reports on BMO. Barclays lifted their price objective on shares of Bank of Montreal from C$181.00 to C$196.00 in a report on Thursday, February 19th. Royal Bank Of Canada lifted their target price on shares of Bank of Montreal from C$178.00 to C$219.00 in a research report on Thursday. TD Securities upped their target price on Bank of Montreal from C$209.00 to C$219.00 in a report on Monday, February 9th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Bank of Montreal from C$199.00 to C$209.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Bank of America increased their price target on Bank of Montreal from C$179.00 to C$183.00 in a research note on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Bank of Montreal presently has an average rating of “Hold” and a consensus target price of C$202.33.

View Our Latest Analysis on BMO

Bank of Montreal Stock Up 0.2%

BMO stock traded up C$0.42 during midday trading on Thursday, reaching C$202.94. 662,303 shares of the company’s stock traded hands, compared to its average volume of 2,940,119. The firm’s fifty day moving average price is C$187.62 and its 200-day moving average price is C$178.44. Bank of Montreal has a 52 week low of C$121.31 and a 52 week high of C$204.57. The company has a market cap of C$143.87 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 0.71 and a beta of 1.38.

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) last posted 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%. Analysts forecast that Bank of Montreal will post 9.6514585 earnings per share for the current year.

Key Bank of Montreal News

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About Bank of Montreal

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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.

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Analyst Recommendations for Bank of Montreal (TSE:BMO)

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