Desjardins Increases Bank of Montreal (TSE:BMO) Price Target to C$180.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price increased by investment analysts at Desjardins from C$177.00 to C$180.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the bank’s stock. Desjardins’ price target would indicate a potential upside of 1.16% from the company’s current price.

A number of other equities analysts also recently commented on BMO. CIBC raised their price objective on Bank of Montreal from C$180.00 to C$192.00 in a report on Wednesday, November 19th. National Bankshares downgraded shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$173.00 to C$181.00 in a research report on Monday, November 17th. Bank of America boosted their price objective on shares of Bank of Montreal from C$179.00 to C$183.00 in a research note on Friday. Cibc World Mkts raised shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Finally, TD Securities lifted their target price on shares of Bank of Montreal from C$182.00 to C$184.00 and gave the company a “hold” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$178.77.

Bank of Montreal Price Performance

TSE:BMO traded up C$1.11 during trading hours on Friday, reaching C$177.93. 1,415,484 shares of the company were exchanged, compared to its average volume of 2,769,522. The firm has a market cap of C$127.45 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 0.71 and a beta of 1.39. The stock has a 50 day simple moving average of C$176.03 and a 200 day simple moving average of C$163.56. Bank of Montreal has a 52-week low of C$121.31 and a 52-week high of C$182.90.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings data on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. The business had revenue of C$9.34 billion during the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%. On average, analysts predict that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Alan Tannenbaum sold 9,824 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of C$175.12, for a total transaction of C$1,720,408.35. 0.03% of the stock is currently owned by insiders.

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.