Scotia Raises Bank of Montreal (TSE:BMO) Price Target to C$270.00

Key Points

• Scotia raised Bank of Montreal’s price target to C$270 from C$268 and maintained a “sector outperform” rating, implying 12.48% upside from the prior close.
• Analyst sentiment remains mixed: seven analysts rate BMO a Buy, five a Hold and one a Sell, producing a consensus “Hold” rating and average target of C$257.36.
• BMO reported C$2.38 quarterly EPS on C$9.90 billion in revenue, while insiders have sold roughly 45,000 shares over the past 90 days; reported profit was also pressured by a C$962 million transportation-finance exit charge.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its target price hoisted by stock analysts at Scotia from C$268.00 to C$270.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "sector outperform" rating on the bank's stock. Scotia's target price would suggest a potential upside of 12.48% from the stock's previous close.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group raised their price objective on Bank of Montreal from C$213.00 to C$225.00 and gave the company a "hold" rating in a research note on Thursday, August 13th. Barclays increased their target price on Bank of Montreal from C$203.00 to C$240.00 in a research note on Friday, August 21st. Canaccord Genuity Group lifted their price target on shares of Bank of Montreal from C$242.00 to C$265.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Scotiabank upped their target price on shares of Bank of Montreal from C$234.00 to C$239.00 and gave the company a "sector outperform" rating in a research note on Tuesday, June 16th. Finally, National Bank Financial set a C$278.00 price objective on Bank of Montreal and gave the company a "sector perform" rating in a report on Monday. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$257.36.

Bank of Montreal Price Performance

BMO traded up C$0.11 during trading hours on Wednesday, reaching C$240.05. 1,596,867 shares of the stock traded hands, compared to its average volume of 2,471,046. The firm's fifty day simple moving average is C$249.92 and its two-hundred day simple moving average is C$220.37. The company has a market cap of C$168.14 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 0.71 and a beta of 1.22. Bank of Montreal has a fifty-two week low of C$163.04 and a fifty-two week high of C$259.20.

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

Insider Buying and Selling

In related news, insider Mona Elizabeth Malone sold 4,517 shares of the company's stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of C$244.61, for a total transaction 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. This represents a 71.98% decrease in their position. Also, insider Sharon Marie Haward-Laird sold 4,519 shares of the business's stock in a transaction on Monday, June 1st. The shares were 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 valued at $10,339,904. Insiders own 0.03% of the company's stock.

Key Stories Impacting Bank of Montreal

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

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.

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