Bank of Montreal (TSE:BMO) Price Target Raised to C$211.00 at Canadian Imperial Bank of Commerce

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective upped by equities researchers at Canadian Imperial Bank of Commerce from C$209.00 to C$211.00 in a note issued to investors on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective indicates a potential upside of 7.86% from the company’s current price.

BMO has been the topic of several other reports. National Bank Financial increased their price objective on shares of Bank of Montreal from C$186.00 to C$205.00 and gave the company a “sector perform” rating in a research report on Thursday, February 26th. Barclays lifted their target price on shares of Bank of Montreal from C$196.00 to C$199.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Canaccord Genuity Group increased their price target on shares of Bank of Montreal from C$218.00 to C$224.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Royal Bank Of Canada increased their price target on shares of Bank of Montreal from C$178.00 to C$219.00 in a report on Thursday, February 26th. Finally, Desjardins boosted their price objective on shares of Bank of Montreal from C$195.00 to C$208.00 and gave the stock a “hold” rating in a report on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Bank of Montreal has an average rating of “Hold” and a consensus price target of C$202.50.

Bank of Montreal Trading Down 1.8%

TSE:BMO traded down C$3.67 during trading hours on Thursday, reaching C$195.62. 917,811 shares of the company traded hands, compared to its average volume of 2,861,354. The business’s 50-day moving average price is C$189.68 and its two-hundred day moving average price is C$179.91. The stock has a market capitalization of C$138.15 billion, a P/E ratio of 16.30, a P/E/G ratio of 0.71 and a beta of 1.38. Bank of Montreal has a 1 year low of C$121.31 and a 1 year high of C$204.57.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its earnings results on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. Bank of Montreal had a return on equity of 10.47% and a net margin of 11.77%.The firm had revenue of C$9.34 billion for the quarter. As a group, equities analysts anticipate that Bank of Montreal will post 9.6514585 EPS for the current year.

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.