Jefferies Financial Group Cuts Bank of Montreal (TSE:BMO) Price Target to C$195.00

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) had its price target reduced by research analysts at Jefferies Financial Group from C$197.00 to C$195.00 in a report released on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price objective would suggest a potential downside of 3.91% from the company’s previous close.

BMO has been the subject of a number of other reports. Royal Bank Of Canada increased their target price on Bank of Montreal from C$178.00 to C$219.00 in a research report on Thursday. Canaccord Genuity Group boosted their target price on shares of 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. Raymond James Financial upgraded Bank of Montreal from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$183.00 to C$214.00 in a research report on Friday, February 13th. Scotiabank upped their price objective on Bank of Montreal from C$187.00 to C$191.00 in a research report on Friday, January 9th. Finally, Bank of America boosted their target price on Bank of Montreal from C$179.00 to C$183.00 in a research report on Friday, December 5th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$202.33.

Get Our Latest Stock Analysis on BMO

Bank of Montreal Price Performance

Shares of TSE:BMO traded up C$0.42 during trading on Thursday, hitting C$202.94. 662,303 shares of the company’s stock were exchanged, compared to its average volume of 2,940,119. The business’s 50-day simple moving average is C$187.62 and its 200 day simple moving average is C$178.44. The company has a market cap of C$143.87 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 0.71 and a beta of 1.38. Bank of Montreal has a 52-week low of C$121.31 and a 52-week high of C$204.57.

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) last released its quarterly earnings data on Thursday, December 4th. The bank reported C$3.28 earnings per share (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%. On average, sell-side analysts anticipate that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Bank of Montreal News Roundup

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

Bank of Montreal Company Profile

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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.

Further Reading

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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