Bank of Montreal (TSE:BMO) Price Target Raised to C$191.00 at Scotiabank

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target increased by research analysts at Scotiabank from C$187.00 to C$191.00 in a note issued to investors on Friday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 3.46% from the stock’s current price.

Several other equities research analysts also recently issued reports on BMO. TD Securities raised their price objective on shares of Bank of Montreal from C$182.00 to C$184.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. National Bankshares downgraded Bank of Montreal from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$173.00 to C$181.00 in a research report on Monday, November 17th. Desjardins raised their target price on Bank of Montreal from C$180.00 to C$189.00 and gave the stock a “hold” rating in a research report on Thursday, December 18th. Jefferies Financial Group increased their price objective on shares of Bank of Montreal from C$181.00 to C$182.00 in a research note on Friday, December 5th. Finally, Royal Bank Of Canada increased their price target on shares of Bank of Montreal from C$163.00 to C$178.00 in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$183.08.

Bank of Montreal Price Performance

Shares of TSE BMO traded down C$0.24 during trading hours on Friday, hitting C$184.62. 796,408 shares of the stock were exchanged, compared to its average volume of 2,426,642. Bank of Montreal has a one year low of C$121.31 and a one year high of C$185.99. The company’s 50 day moving average is C$176.85 and its 200 day moving average is C$169.41. The firm has a market capitalization of C$130.88 billion, a P/E ratio of 16.14, a P/E/G ratio of 0.71 and a beta of 1.39.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share for the quarter. The firm had revenue of C$9.34 billion during the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. Research analysts anticipate that Bank of Montreal will post 9.6514585 earnings per share 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.