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

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective raised by stock analysts at Barclays from C$196.00 to C$199.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Barclays‘s price target points to a potential upside of 1.37% from the company’s current price.

Other research analysts have also issued research reports about the company. Desjardins lifted their target price on Bank of Montreal from C$189.00 to C$195.00 and gave the company a “hold” rating in a report on Monday, February 9th. Canaccord Genuity Group raised their price objective on shares of Bank of Montreal from C$201.00 to C$218.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Raymond James Financial raised shares of Bank of Montreal from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$183.00 to C$214.00 in a report on Friday, February 13th. Royal Bank Of Canada raised their price target on shares of Bank of Montreal from C$178.00 to C$219.00 in a report on Thursday. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of Bank of Montreal from C$199.00 to C$209.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Bank of Montreal currently has an average rating of “Hold” and an average target price of C$202.33.

Bank of Montreal Trading Down 3.6%

Bank of Montreal stock opened at C$196.31 on Thursday. The firm has a 50 day simple moving average of C$188.49 and a 200 day simple moving average of C$178.90. Bank of Montreal has a 1-year low of C$121.31 and a 1-year high of C$204.57. The firm has a market capitalization of C$139.17 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 0.71 and a beta of 1.38.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its earnings results 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 return on equity of 9.04% and a net margin of 13.57%. On average, equities research analysts forecast that Bank of Montreal will post 9.6514585 EPS for the current year.

More Bank of Montreal News

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

• Positive Sentiment: Canaccord raised its target to C$224 and kept a Buy rating — one of the largest upside calls among brokers, signalling stronger conviction in BMO’s outlook. Canaccord raise
• Positive Sentiment: Royal Bank of Canada boosted its target to C$219, implying material upside and supporting the thesis of improved earnings and capital returns. RBC raise
• Positive Sentiment: TD Cowen reiterated a Buy, citing improving profitability, U.S. growth and capital-return improvements as the reasons backing a bullish stance. TD Cowen note
• Positive Sentiment: Desjardins raised its target to C$208 and kept a Hold — the higher target is constructive for medium-term upside. Desjardins raise
• Positive Sentiment: Scotiabank lifted its target to C$208 with a Sector Perform — another incremental positive to consensus targets. Scotiabank raise
• Neutral Sentiment: Barclays raised its target to C$199 but kept an Equal Weight rating, suggesting limited near-term upside from their view. Barclays note
• Neutral Sentiment: National Bank increased its target to C$205 but maintained a Sector Perform rating — positive for price target consensus but not a change in conviction. National Bank piece Yahoo summary
• Negative Sentiment: Jefferies trimmed its target slightly to C$195, representing downside from current levels and reflecting a more cautious near-term view. Jefferies note

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.