Bank of Montreal (TSE:BMO) Stock Rating Upgraded by TD Securities

Bank of Montreal (TSE:BMO) (NYSE:BMO) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a C$209.00 target price on the bank’s stock, up from their previous target price of C$184.00. TD Securities’ price target suggests a potential upside of 11.08% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Jefferies Financial Group increased their target price on Bank of Montreal from C$181.00 to C$182.00 in a research report on Friday, December 5th. Raymond James Financial increased their price objective on shares of Bank of Montreal from C$182.00 to C$183.00 in a report on Monday, December 8th. National Bankshares downgraded Bank of Montreal from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$173.00 to C$181.00 in a research report on Monday, November 17th. Royal Bank Of Canada increased their price objective on shares of Bank of Montreal from C$163.00 to C$178.00 in a research report on Friday, December 5th. Finally, Bank of America boosted their target price on Bank of Montreal from C$179.00 to C$183.00 in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bank of Montreal has a consensus rating of “Hold” and an average target price of C$185.17.

Bank of Montreal Price Performance

Shares of BMO stock traded up C$0.75 during trading hours on Wednesday, reaching C$188.15. 4,375,457 shares of the company traded hands, compared to its average volume of 2,665,900. The firm has a 50-day moving average price of C$180.30 and a 200 day moving average price of C$172.93. The company has a market cap of C$133.38 billion, a P/E ratio of 16.45, a P/E/G ratio of 0.71 and a beta of 1.39. Bank of Montreal has a 12-month low of C$121.31 and a 12-month high of C$191.51.

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 business had revenue of C$9.34 billion for the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. Sell-side analysts predict that Bank of Montreal will post 9.6514585 EPS for the current year.

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.