Jefferies Financial Group Raises Bank of Montreal (TSE:BMO) Price Target to C$187.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price increased by equities research analysts at Jefferies Financial Group from C$182.00 to C$187.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential downside of 4.15% from the company’s previous close.

BMO has been the topic of several other reports. Royal Bank Of Canada raised their price objective on Bank of Montreal from C$163.00 to C$178.00 in a research note on Friday, December 5th. Scotiabank lifted their price target on shares of Bank of Montreal from C$187.00 to C$191.00 in a report on Friday, January 9th. Natl Bk Canada cut shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Raymond James Financial raised their target price on shares of Bank of Montreal from C$182.00 to C$183.00 in a research report on Monday, December 8th. Finally, National Bankshares downgraded shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$173.00 to C$181.00 in a report on Monday, November 17th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$186.92.

Bank of Montreal Trading Down 1.2%

Bank of Montreal stock traded down C$2.40 during trading hours on Wednesday, reaching C$195.09. 581,658 shares of the stock were exchanged, compared to its average volume of 3,097,551. Bank of Montreal has a twelve month low of C$121.31 and a twelve month high of C$198.68. The company has a market cap of C$138.30 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. The stock has a 50 day moving average of C$183.94 and a two-hundred day moving average of C$175.44.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share for the quarter. The company had revenue of C$9.34 billion during the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. On average, analysts expect that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

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.