Bank of Montreal (TSE:BMO) Price Target Raised to C$241.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised Bank of Montreal’s price target to C$241 from C$230 while maintaining a “sector perform” rating, implying only 0.4% upside from the reported share price.
• Analyst sentiment remains mixed: the consensus rating is “Hold,” with a C$257.36 average price target; individual targets range from C$240 to C$295.
• BMO reported quarterly EPS of C$2.38 on C$9.90 billion in revenue, while shares traded near C$240.05. Insiders sold roughly 45,000 shares worth C$10.3 million over the prior three months.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its target price lifted by investment analysts at Royal Bank Of Canada from C$230.00 to C$241.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the bank's stock. Royal Bank Of Canada's price target would indicate a potential upside of 0.40% from the company's current price.

A number of other brokerages also recently issued reports on BMO. Canaccord Genuity Group lifted their price objective on shares of Bank of Montreal from C$242.00 to C$265.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods set a C$295.00 price objective on Bank of Montreal and gave the company a "moderate buy" rating in a report on Friday, August 21st. 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. Scotia lifted their price target on Bank of Montreal from C$268.00 to C$270.00 and gave the company a "sector outperform" rating in a research report on Wednesday. Finally, Canadian Imperial Bank of Commerce lowered shares of Bank of Montreal from an "outperformer" rating to a "hold" rating and increased their target price for the stock from C$244.00 to C$272.00 in a research note on Wednesday, August 19th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of C$257.36.

Bank of Montreal Price Performance

Shares of BMO traded up C$0.11 during mid-day trading on Wednesday, reaching C$240.05. 1,596,867 shares of the company's stock traded hands, compared to its average volume of 2,471,046. The stock's 50-day moving average is C$249.92 and its two-hundred day moving average is C$220.37. Bank of Montreal has a 12 month low of C$163.04 and a 12 month high of C$259.20. The stock has a market cap of C$168.14 billion, a P/E 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 net margin of 12.63% and a return on equity of 11.25%. The firm had revenue of C$9.90 billion during the quarter. Research analysts predict that Bank of Montreal will post 9.6514585 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director William Darryl White sold 27,167 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$225.74, for a total value of C$6,132,678.58. Following the transaction, the director owned 87,166 shares of the company's stock, valued at C$19,676,852.84. This represents a 23.76% decrease in their ownership of the stock. Also, insider Sharon Marie Haward-Laird sold 4,519 shares of the firm's stock in a transaction that occurred 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. Insiders have sold 45,004 shares of company stock worth $10,339,904 over the last three months. Company insiders own 0.03% of the company's stock.

Bank of Montreal News Summary

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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