National Bank Financial Increases Bank of Montreal (TSE:BMO) Price Target to C$186.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target boosted by equities research analysts at National Bank Financial from C$181.00 to C$186.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the bank’s stock. National Bank Financial’s target price suggests a potential downside of 3.72% from the company’s current price.

A number of other brokerages also recently commented on BMO. Raymond James Financial upgraded shares of Bank of Montreal from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$183.00 to C$214.00 in a research note on Friday. Jefferies Financial Group increased their price objective on Bank of Montreal from C$182.00 to C$187.00 in a report on Wednesday, February 11th. Desjardins boosted their target price on Bank of Montreal from C$189.00 to C$195.00 and gave the stock a “hold” rating in a research note on Monday, February 9th. Scotiabank raised their price objective on shares of Bank of Montreal from C$187.00 to C$191.00 in a report on Friday, January 9th. Finally, Canaccord Genuity Group upped their target price on shares of Bank of Montreal from C$201.00 to C$218.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$192.17.

Bank of Montreal Trading Up 0.5%

BMO traded up C$1.01 on Tuesday, hitting C$193.18. 649,623 shares of the company were exchanged, compared to its average volume of 3,081,448. The firm has a 50-day moving average price of C$185.20 and a two-hundred day moving average price of C$176.51. Bank of Montreal has a twelve month low of C$121.31 and a twelve month high of C$198.68. The company has a market cap of C$136.95 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings data on Thursday, December 4th. The bank reported C$3.28 earnings per share (EPS) for the quarter. The business had revenue of C$9.34 billion during the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%. Equities analysts expect that Bank of Montreal will post 9.6514585 EPS for the current 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.