Jefferies Financial Group Forecasts Strong Price Appreciation for Bank of Montreal (TSE:BMO) Stock

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) had its price objective increased by stock analysts at Jefferies Financial Group from C$195.00 to C$196.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price target suggests a potential downside of 10.10% from the company’s current price.

A number of other research firms have also commented on BMO. Canadian Imperial Bank of Commerce lifted their target price on Bank of Montreal from C$211.00 to C$226.00 and gave the stock an “outperformer” rating in a report on Thursday, May 14th. Royal Bank Of Canada reduced their target price on Bank of Montreal from C$219.00 to C$205.00 and set a “sector perform” rating for the company in a report on Wednesday, March 25th. Raymond James Financial lifted their price objective on Bank of Montreal from C$214.00 to C$227.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. TD lifted their price objective on Bank of Montreal from C$219.00 to C$234.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, National Bank Financial lifted their price objective on Bank of Montreal from C$205.00 to C$223.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Five 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 presently has an average rating of “Hold” and a consensus target price of C$208.31.

Read Our Latest Analysis on BMO

Bank of Montreal Stock Up 2.9%

Shares of TSE:BMO traded up C$6.10 during trading on Wednesday, hitting C$218.01. The stock had a trading volume of 1,009,704 shares, compared to its average volume of 2,673,380. Bank of Montreal has a 12 month low of C$142.03 and a 12 month high of C$218.15. The company has a market capitalization of C$153.68 billion, a PE ratio of 18.17, a PEG ratio of 0.71 and a beta of 1.25. The firm’s fifty day moving average is C$198.73 and its 200 day moving average is C$188.99.

Bank of Montreal Company Profile

(Get Free Report)

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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Analyst Recommendations for Bank of Montreal (TSE:BMO)

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