Bank of Montreal (TSE:BMO) Price Target Raised to C$234.00 at TD

Key Points

• TD raised its price target on Bank of Montreal to C$234 from C$219 and kept a "buy" rating, signaling roughly a 13.9% upside from the stock's prior close.
• Analysts remain mixed — five Buy, five Hold and one Sell — leaving a consensus rating of "Hold" with a consensus price target of C$204.23; BMO was trading around C$205.37 with a market cap near C$144.8 billion and a P/E of 17.11.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its price objective upped by TD from C$219.00 to C$234.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the bank's stock. TD's price target would indicate a potential upside of 13.94% from the stock's previous close.

Other research analysts have also recently issued reports about the company. Desjardins raised their target price on Bank of Montreal from C$195.00 to C$208.00 and gave the stock a "hold" rating in a research report on Thursday, February 26th. Barclays cut Bank of Montreal from an "equal weight" rating to a "strong sell" rating in a research report on Friday, March 20th. Jefferies Financial Group reduced their target price on Bank of Montreal from C$197.00 to C$195.00 in a research report on Thursday, February 26th. Scotiabank increased their price objective on Bank of Montreal from C$208.00 to C$209.00 and gave the stock a "sector perform" rating in a research note on Monday. Finally, National Bank Financial increased 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 research note on Thursday, February 26th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$204.23.

Bank of Montreal Trading Up 0.6%

BMO stock traded up C$1.23 during midday trading on Tuesday, hitting C$205.37. The stock had a trading volume of 2,089,120 shares, compared to its average volume of 2,672,189. The firm has a market capitalization of C$144.77 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 0.71 and a beta of 1.17. Bank of Montreal has a 52 week low of C$134.46 and a 52 week high of C$210.73. The stock has a 50-day simple moving average of C$196.26 and a 200 day simple moving average of C$186.47.

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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