Royal Bank Of Canada Forecasts Strong Price Appreciation for Bank of Montreal (TSE:BMO) Stock

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) had its price target raised by equities researchers at Royal Bank Of Canada from C$178.00 to C$219.00 in a report issued on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s price objective points to a potential upside of 7.91% from the company’s current price.

BMO has been the topic of several other research reports. National Bank Financial boosted their target price on shares of Bank of Montreal from C$181.00 to C$186.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Raymond James Financial upgraded Bank of Montreal from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$183.00 to C$214.00 in a research report on Friday, February 13th. Canadian Imperial Bank of Commerce lifted their target price on 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. Canaccord Genuity Group increased their price target on Bank of Montreal from C$201.00 to C$218.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Jefferies Financial Group lifted their price objective on Bank of Montreal from C$182.00 to C$187.00 in a research note on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$202.33.

View Our Latest Research Report on BMO

Bank of Montreal Stock Up 0.2%

TSE:BMO traded up C$0.42 during mid-day trading on Thursday, hitting C$202.94. 662,303 shares of the company traded hands, compared to its average volume of 2,940,119. The stock’s fifty day moving average price is C$187.62 and its 200-day moving average price is C$178.44. The firm has a market cap of C$143.87 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. Bank of Montreal has a one year low of C$121.31 and a one year high of C$204.57.

Bank of Montreal (TSE:BMOGet Free Report) (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 net margin of 13.57% and a return on equity of 9.04%. The company had revenue of C$9.34 billion for the quarter. Equities analysts predict that Bank of Montreal will post 9.6514585 EPS for the current year.

Bank of Montreal News Summary

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

About Bank of Montreal

(Get Free Report)

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.

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Analyst Recommendations for Bank of Montreal (TSE:BMO)

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