Bank of Montreal (TSE:BMO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have earned an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$193.42.

Several brokerages have recently commented on BMO. Scotiabank increased their price target on shares of Bank of Montreal from C$187.00 to C$191.00 in a research report on Friday, January 9th. Canaccord Genuity Group increased their target price on Bank of Montreal from C$201.00 to C$218.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Desjardins lifted 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 report on Monday, February 9th. Bank of America upped their price target on Bank of Montreal from C$179.00 to C$183.00 in a research report on Friday, December 5th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of Bank of Montreal from C$199.00 to C$209.00 and gave the stock an “outperform” rating in a report on Friday, February 13th.

Bank of Montreal Trading Up 1.5%

Shares of TSE:BMO opened at C$199.76 on Friday. The firm has a market cap of C$141.61 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. The company has a fifty day simple moving average of C$186.54 and a 200 day simple moving average of C$177.38. Bank of Montreal has a 12-month low of C$121.31 and a 12-month high of C$199.90.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings data on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. The firm had revenue of C$9.34 billion for the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. As a group, equities research analysts forecast that Bank of Montreal will post 9.6514585 EPS for the current fiscal 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.