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

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective upped by equities research analysts at Royal Bank Of Canada from C$178.00 to C$219.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s price target would suggest a potential upside of 11.56% from the stock’s previous close.

A number of other research firms also recently commented on BMO. National Bank Financial increased their price objective on shares of Bank of Montreal from C$181.00 to C$186.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Bank of America upped their target price on Bank of Montreal from C$179.00 to C$183.00 in a report on Friday, December 5th. Jefferies Financial Group raised their price target on Bank of Montreal from C$182.00 to C$187.00 in a research note on Wednesday, February 11th. Desjardins boosted their price target on Bank of Montreal from C$189.00 to C$195.00 and gave the stock a “hold” rating in a research report on Monday, February 9th. Finally, Scotiabank upped their price objective on Bank of Montreal from C$187.00 to C$191.00 in a research note on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$202.33.

Bank of Montreal Stock Performance

TSE BMO opened at C$196.31 on Thursday. Bank of Montreal has a 52 week low of C$121.31 and a 52 week high of C$204.57. The stock’s 50 day moving average price is C$188.49 and its two-hundred day moving average price is C$178.90. The stock has a market capitalization of C$139.17 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 0.71 and a beta of 1.38.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings data 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 for the quarter. On average, equities research analysts forecast that Bank of Montreal will post 9.6514585 EPS for the current year.

Bank of Montreal News Summary

Here are the key news stories impacting Bank of Montreal this week:

• Positive Sentiment: Canaccord raised its target to C$224 and kept a Buy rating — one of the largest upside calls among brokers, signalling stronger conviction in BMO’s outlook. Canaccord raise
• Positive Sentiment: Royal Bank of Canada boosted its target to C$219, implying material upside and supporting the thesis of improved earnings and capital returns. RBC raise
• Positive Sentiment: TD Cowen reiterated a Buy, citing improving profitability, U.S. growth and capital-return improvements as the reasons backing a bullish stance. TD Cowen note
• Positive Sentiment: Desjardins raised its target to C$208 and kept a Hold — the higher target is constructive for medium-term upside. Desjardins raise
• Positive Sentiment: Scotiabank lifted its target to C$208 with a Sector Perform — another incremental positive to consensus targets. Scotiabank raise
• Neutral Sentiment: Barclays raised its target to C$199 but kept an Equal Weight rating, suggesting limited near-term upside from their view. Barclays note
• Neutral Sentiment: National Bank increased its target to C$205 but maintained a Sector Perform rating — positive for price target consensus but not a change in conviction. National Bank piece Yahoo summary
• Negative Sentiment: Jefferies trimmed its target slightly to C$195, representing downside from current levels and reflecting a more cautious near-term view. Jefferies note

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.