Bank of Montreal (TSE:BMO) Given New C$271.00 Price Target at Canaccord Genuity Group

Key Points

• Canaccord Genuity raised Bank of Montreal’s price target to C$271 from C$265 and maintained a “buy” rating, implying 12.89% upside from the stock’s C$240.05 price.
• Analyst sentiment remains mixed: seven analysts rate BMO a “buy,” five a “hold,” and one a “sell,” producing an overall “hold” consensus and average price target of C$257.36.
• BMO reported quarterly EPS of C$2.38 on C$9.90 billion in revenue, while a C$962 million transportation-finance exit charge weighed on reported profit despite stronger adjusted earnings.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its price target lifted by Canaccord Genuity Group from C$265.00 to C$271.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a "buy" rating on the bank's stock. Canaccord Genuity Group's target price would indicate a potential upside of 12.89% from the company's current price.

A number of other equities research analysts have also commented on BMO. Jefferies Financial Group upped their target price on Bank of Montreal from C$213.00 to C$225.00 and gave the company a "hold" rating in a research report on Thursday, August 13th. National Bank Financial set a C$278.00 price objective on shares of Bank of Montreal and gave the company a "sector perform" rating in a research note on Monday. Canadian Imperial Bank of Commerce downgraded shares of Bank of Montreal from an "outperformer" rating to a "hold" rating and upped their price objective for the company from C$244.00 to C$272.00 in a report on Wednesday, August 19th. Barclays raised their target price on shares of Bank of Montreal from C$203.00 to C$240.00 in a report on Friday, August 21st. Finally, Bank of America boosted their target price on shares of Bank of Montreal from C$259.00 to C$262.00 in a research report on Wednesday. Seven 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, the company currently has an average rating of "Hold" and a consensus price target of C$257.36.

Bank of Montreal Stock Performance

BMO stock traded up C$0.11 during midday trading on Wednesday, reaching C$240.05. The stock had a trading volume of 1,596,867 shares, compared to its average volume of 2,471,046. The firm has a fifty day simple moving average of C$249.92 and a two-hundred day simple moving average of C$220.37. Bank of Montreal has a 52-week low of C$163.04 and a 52-week high of C$259.20. The stock has a market cap of C$168.14 billion, a PE ratio of 18.44, a P/E/G ratio of 0.71 and a beta of 1.22.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO last posted its quarterly earnings results on Tuesday, August 25th. The bank reported C$2.38 earnings per share for the quarter. Bank of Montreal had a return on equity of 11.25% and a net margin of 12.63%.The business had revenue of C$9.90 billion for the quarter. On average, sell-side analysts predict that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Mona Elizabeth Malone sold 4,517 shares of the business's stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$244.61, for a total value of C$1,104,903.37. Following the completion of the transaction, the insider directly owned 1,758 shares in the company, valued at C$430,024.38. The trade was a 71.98% decrease in their position. Also, insider Sharon Marie Haward-Laird sold 4,519 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$225.85, for a total transaction of C$1,020,616.15. In the last 90 days, insiders have sold 45,004 shares of company stock worth $10,339,904. Corporate insiders own 0.03% of the company's stock.

Bank of Montreal News Roundup

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

• Positive Sentiment: Adjusted earnings beat expectations: BMO reported adjusted net income of approximately C$2.85 billion, up 19% year over year, supported by broad-based strength across its businesses. Quarterly EPS was C$2.38 on revenue of C$9.90 billion. Bank of Montreal beat analysts’ expectations as profits climb across the company
• Positive Sentiment: Share repurchase plan announced: BMO plans to buy back up to 25 million shares, potentially supporting earnings per share and signaling management confidence in the bank’s valuation and capital position. Bank of Montreal plans to repurchase up to 25M shares
• Positive Sentiment: Higher analyst price target: National Bank Financial set a C$278 target, implying meaningful potential upside from recent trading levels, although it assigned only a “sector perform” rating. Bank of Montreal price target set at C$278 by National Bank Financial
• Neutral Sentiment: BMO declared its fourth-quarter dividend and reported updated earnings-coverage ratios, while also publishing its third-quarter financial statements and management discussion. These updates reinforce disclosure and capital transparency but were not major new catalysts. Bank of Montreal files Q4 2026 dividend declaration
• Negative Sentiment: Reported profit was hurt by a C$962 million charge related to the transportation-finance exit, causing reported earnings to fall about 25% year over year despite the adjusted earnings improvement. BMO takes $962-million hit on transportation-finance exit
• Negative Sentiment: Some analysts view the quarter as solid but believe the one-time charge, ongoing execution risks and valuation limit near-term upside, resulting in a “hold” or cautious stance. Bank of Montreal Q3: Solid Quarter, But Just a Hold

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.

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