National Bank Financial Raises Bank of Montreal (BMO) Price Target to C$106.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective lifted by investment analysts at National Bank Financial from C$103.00 to C$106.00 in a research report issued on Friday, January 12th. The brokerage presently has a “sector perform” rating on the bank’s stock. National Bank Financial’s price target points to a potential upside of 2.20% from the stock’s previous close. National Bank Financial also issued estimates for Bank of Montreal’s Q3 2018 earnings at $2.22 EPS, FY2018 earnings at $8.61 EPS and FY2019 earnings at $9.18 EPS.

Several other brokerages also recently commented on BMO. CSFB upped their price objective on Bank of Montreal from C$102.00 to C$103.00 in a research report on Wednesday, December 6th. Canaccord Genuity upped their price objective on Bank of Montreal from C$103.00 to C$105.00 in a research report on Wednesday, December 6th. Barclays upped their price objective on Bank of Montreal from C$97.00 to C$98.00 in a research report on Wednesday, December 6th. Scotiabank increased their price target on Bank of Montreal from C$112.00 to C$114.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th. Finally, Royal Bank of Canada increased their price target on Bank of Montreal from C$108.00 to C$116.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 6th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of C$106.58.

Bank of Montreal (TSE BMO) traded up C$0.40 during midday trading on Friday, hitting C$103.72. The stock had a trading volume of 1,859,269 shares, compared to its average volume of 1,329,258. The company has a market cap of $67,950.00, a P/E ratio of 13.10 and a beta of 0.71. Bank of Montreal has a 52-week low of C$88.63 and a 52-week high of C$104.38.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its earnings results on Tuesday, December 5th. The bank reported C$1.94 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.99 by C($0.05). Bank of Montreal had a net margin of 25.41% and a return on equity of 13.54%.

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About Bank of Montreal

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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