Bank of Montreal (TSE:BMO) Price Target Raised to C$227.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price lifted by Raymond James Financial from C$214.00 to C$227.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the bank’s stock. Raymond James Financial’s price objective indicates a potential upside of 10.41% from the stock’s current price.

BMO has been the topic of a number of other research reports. Scotiabank upped their target price on shares of Bank of Montreal from C$208.00 to C$209.00 and gave the company a “sector perform” rating in a research note on Monday, May 4th. National Bank Financial upped their price target on 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 cut Bank of Montreal from an “equal weight” rating to a “strong sell” rating in a research report on Friday, March 20th. Royal Bank Of Canada lowered their price target on Bank of Montreal from C$219.00 to C$205.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 25th. Finally, TD Securities upped their price target on Bank of Montreal from C$209.00 to C$219.00 in a research report on Monday, February 9th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Bank of Montreal presently has an average rating of “Hold” and a consensus target price of C$205.23.

Bank of Montreal Trading Down 1.7%

TSE BMO traded down C$3.45 on Wednesday, reaching C$205.59. The company’s stock had a trading volume of 772,461 shares, compared to its average volume of 2,668,825. The firm has a market cap of C$144.92 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.25. The business has a 50-day moving average price of C$197.48 and a 200 day moving average price of C$187.84. Bank of Montreal has a 52 week low of C$141.85 and a 52 week high of C$212.74.

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.