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

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price hoisted by Jefferies Financial Group from C$195.00 to C$196.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s target price points to a potential downside of 10.10% from the company’s current price.

A number of other analysts have also weighed in on the stock. Raymond James Financial upped their price objective on shares of Bank of Montreal from C$214.00 to C$227.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. National Bank Financial upped their price objective on shares of Bank of Montreal from C$205.00 to C$223.00 and gave the stock a “sector perform” rating in a research note on Friday, May 15th. Desjardins increased their target price on Bank of Montreal from C$208.00 to C$212.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. TD increased their target price on Bank of Montreal from C$219.00 to C$234.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Scotiabank increased their target price on Bank of Montreal from C$208.00 to C$209.00 and gave the company a “sector perform” rating in a research report on Monday, May 4th. Five equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$208.31.

Bank of Montreal Stock Up 2.9%

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

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.