Bank of Montreal (TSE:BMO) Price Target Raised to C$227.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price hoisted by equities researchers at Raymond James Financial from C$214.00 to C$227.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the bank’s stock. Raymond James Financial’s price objective points to a potential upside of 10.41% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Scotiabank increased their target price on Bank of Montreal from C$208.00 to C$209.00 and gave the stock a “sector perform” rating in a report on Monday, May 4th. Royal Bank Of Canada decreased their target price on Bank of Montreal from C$219.00 to C$205.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 25th. TD Securities increased their target price on Bank of Montreal from C$209.00 to C$219.00 in a report on Monday, February 9th. Canaccord Genuity Group upped 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. Finally, Canadian Imperial Bank of Commerce upped their price target on Bank of Montreal from C$209.00 to C$211.00 in a research note on Thursday, March 5th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Bank of Montreal presently has an average rating of “Hold” and a consensus price target of C$205.23.

Bank of Montreal Price Performance

Shares of BMO stock traded down C$3.45 during trading hours on Wednesday, hitting C$205.59. 772,461 shares of the company’s stock were exchanged, compared to its average volume of 2,668,825. The stock’s 50-day moving average is C$197.48 and its 200-day moving average is C$187.84. The stock has a market cap of C$144.92 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.25. Bank of Montreal has a 52 week low of C$141.85 and a 52 week high of C$212.74.

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.