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Bank of Montreal (BMO) Stock Forecast & Price Target

C$118.99
-0.43 (-0.36%)
(As of 07/18/2024 ET)

Bank of Montreal - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 14 Wall Street analysts who have issued ratings for Bank of Montreal in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 4 have given a hold rating, and 10 have given a buy rating for BMO.

Consensus Price Target

C$131.30
10.35% Upside
High ForecastC$145.00
Average ForecastC$131.30
Low ForecastC$120.00

According to the 14 analysts' twelve-month price targets for Bank of Montreal, the average price target is C$131.30. The highest price target for BMO is C$145.00, while the lowest price target for BMO is C$120.00. The average price target represents a forecasted upside of 10.35% from the current price of C$118.99.

TypeCurrent Forecast
7/19/23 to 7/18/24
1 Month Ago
6/19/23 to 6/18/24
3 Months Ago
4/20/23 to 4/19/24
1 Year Ago
7/19/22 to 7/19/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
13 Buy rating(s)
4 Buy rating(s)
Hold
4 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetC$131.30C$131.96C$132.39C$135.91
Forecasted Upside10.35% Upside9.76% Upside9.89% Upside14.69% Upside
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BMO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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BMO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Bank of Montreal Stock vs. The Competition

TypeBank of MontrealFinancial Services Companies
Consensus Rating Score
2.71
2.52
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingPositive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/2/2024UBS Group
4 of 5 stars
J. Shea
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Set TargetNeutralC$122.00+6.45%
6/3/2024Keefe, Bruyette & Woods
4 of 5 stars
M. Rizvanovic
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DowngradeModerate Buy ➝ Hold
5/30/2024Royal Bank of Canada
4 of 5 stars
 Lower TargetOutperformC$130.00 ➝ C$124.00+4.08%
5/30/2024Desjardins
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D. Young
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DowngradeBuy ➝ HoldC$133.00 ➝ C$129.00+8.28%
5/30/2024Scotiabank
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 Lower TargetOutperformC$137.00 ➝ C$129.00+8.28%
5/30/2024Canaccord Genuity Group
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 Lower TargetBuyC$140.00 ➝ C$136.00+14.15%
5/30/2024National Bankshares
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 Lower TargetOutperformC$143.00 ➝ C$136.00+14.15%
5/30/2024Barclays
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 Lower TargetOverweightC$140.00 ➝ C$132.00+10.79%
5/30/2024TD Securities
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 Lower TargetBuyC$142.00 ➝ C$135.00+13.31%
5/30/2024Cormark
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 Lower TargetC$141.00 ➝ C$133.00+11.63%
5/13/2024Jefferies Financial Group
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 Boost TargetC$136.00 ➝ C$142.00+10.34%
3/8/2024CIBC
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 Lower TargetNeutralC$125.00 ➝ C$120.00-5.30%
12/18/2023Bank of America
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 UpgradeNeutral ➝ BuyC$120.00 ➝ C$145.00+15.60%
9/12/2023CSFB
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 Set TargetOutperformC$128.00+10.11%
7/24/2023BMO Capital Markets
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 Boost TargetC$121.50 ➝ C$130.50+5.74%
6/6/2023Fundamental Research
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 Set TargetBuyC$144.25+23.24%
11/22/2022Credit Suisse Group
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Joo Ho Kim
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Boost TargetC$152.00+15.39%
8/31/2022Veritas Investment Research
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Nigel D'Souza
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DowngradeBuy ➝ ReduceC$134.00+9.85%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:19 PM ET.

BMO Forecast - Frequently Asked Questions

What is Bank of Montreal's forecast for 2024?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of Montreal is C$131.30, with a high forecast of C$145.00 and a low forecast of C$120.00.

Should I buy or sell Bank of Montreal stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BMO shares.

Does Bank of Montreal's stock price have much upside?

According to analysts, Bank of Montreal's stock has a predicted upside of 9.58% based on their 12-month stock forecasts.

Has Bank of Montreal been downgraded by Wall Street analysts recently?

Over the previous 90 days, Bank of Montreal's stock had 2 downgrades by analysts.

What analysts cover Bank of Montreal?
Do Wall Street analysts like Bank of Montreal more than its competitors?

Analysts like Bank of Montreal more than other "financial services" companies. The consensus rating score for Bank of Montreal is 2.71 while the average consensus rating score for "financial services" companies is 2.52. Learn more on how BMO compares to other companies.


This page (TSE:BMO) was last updated on 7/18/2024 by MarketBeat.com Staff

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