Bank of Montreal (TSE:BMO) Given New C$212.00 Price Target at Desjardins

Key Points

• Desjardins raised its price target on Bank of Montreal from C$208 to C$212 while keeping a "hold" rating, implying about a 3.23% upside from the current price.
• Analyst coverage is split (five Buy, five Hold, one Sell) with a consensus target of C$204.23; BMO trades near C$205.37, has a market cap of C$144.77B and a P/E of 17.11.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its target price increased by equities research analysts at Desjardins from C$208.00 to C$212.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the bank's stock. Desjardins' price target suggests a potential upside of 3.23% from the company's current price.

BMO has been the subject of a number of other reports. National Bank Financial upped their price objective on Bank of Montreal from C$186.00 to C$205.00 and gave the stock a "sector perform" rating in a report on Thursday, February 26th. Canaccord Genuity Group upped their price objective on Bank of Montreal from C$218.00 to C$224.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Barclays cut Bank of Montreal from an "equal weight" rating to a "strong sell" rating in a report on Friday, March 20th. Jefferies Financial Group cut their price objective on Bank of Montreal from C$197.00 to C$195.00 in a report on Thursday, February 26th. Finally, Raymond James Financial upgraded Bank of Montreal from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from C$183.00 to C$214.00 in a report on Friday, February 13th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$204.23.

Bank of Montreal Trading Up 0.6%

Shares of BMO traded up C$1.23 during midday trading on Tuesday, reaching C$205.37. The stock had a trading volume of 2,089,120 shares, compared to its average volume of 2,672,189. The company's 50-day moving average is C$196.26 and its 200 day moving average is C$186.47. Bank of Montreal has a 12-month low of C$134.46 and a 12-month high of C$210.73. The company has a market capitalization of C$144.77 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.17.

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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