Bank of Montreal (TSE:BMO) Stock Price Expected to Rise, Desjardins Analyst Says

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective lifted by analysts at Desjardins from C$180.00 to C$189.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the bank’s stock. Desjardins’ price target points to a potential upside of 6.39% from the company’s previous close.

BMO has been the subject of a number of other reports. Jefferies Financial Group upped their price objective on shares of Bank of Montreal from C$181.00 to C$182.00 in a report on Friday, December 5th. Cibc World Mkts raised shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. Natl Bk Canada lowered shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. National Bankshares downgraded Bank of Montreal from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$173.00 to C$181.00 in a research report on Monday, November 17th. Finally, Canaccord Genuity Group increased their target price on Bank of Montreal from C$192.00 to C$201.00 in a 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 given a Hold rating to the stock. Based on data from MarketBeat.com, Bank of Montreal presently has an average rating of “Hold” and an average price target of C$182.75.

Bank of Montreal Stock Up 0.3%

Shares of BMO traded up C$0.61 during trading hours on Thursday, reaching C$177.64. The company’s stock had a trading volume of 574,528 shares, compared to its average volume of 2,745,929. The company has a 50 day moving average of C$175.71 and a two-hundred day moving average of C$165.83. The firm has a market cap of C$129.25 billion, a price-to-earnings ratio of 15.53, 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$182.90.

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 (EPS) for the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. The company had revenue of C$9.34 billion during the quarter. As a group, analysts forecast that Bank of Montreal will post 9.6514585 EPS for the current fiscal 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.