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

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

BMO has been the topic of a number of other research reports. Canaccord Genuity Group increased their target price on Bank of Montreal from C$192.00 to C$201.00 in a research note on Friday, December 5th. Jefferies Financial Group upped their target price on Bank of Montreal from C$181.00 to C$182.00 in a research report on Friday, December 5th. Barclays boosted their price objective on shares of Bank of Montreal from C$177.00 to C$181.00 and gave the company an “equal weight” rating in a research report on Friday, December 5th. Scotiabank lifted their target price on Bank of Montreal from C$179.00 to C$187.00 and gave the company a “sector perform” rating in a research report on Friday, December 5th. Finally, Royal Bank Of Canada lifted their price target on Bank of Montreal from C$163.00 to C$178.00 in a research note 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$182.75.

Bank of Montreal Trading Up 0.3%

Shares of TSE:BMO traded up C$0.61 during trading on Thursday, hitting C$177.64. 574,528 shares of the company were exchanged, compared to its average volume of 2,745,929. Bank of Montreal has a fifty-two week low of C$121.31 and a fifty-two week high of C$182.90. The stock 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. The firm has a fifty day moving average price of C$175.71 and a two-hundred day moving average price of C$165.83.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings data on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. The company 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%. As a group, research analysts predict 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.