Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) had its price objective decreased by investment analysts at Canaccord Genuity Group from C$135.00 to C$130.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the bank’s stock. Canaccord Genuity Group’s price target would suggest a potential upside of 18.07% from the company’s previous close.
Several other research firms have also recently weighed in on BMO. Royal Bank of Canada cut shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$124.00 to C$118.00 in a report on Tuesday, July 30th. Cormark decreased their price target on shares of Bank of Montreal from C$133.00 to C$129.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. TD Securities cut their price objective on Bank of Montreal from C$134.00 to C$130.00 in a research report on Thursday, August 8th. Barclays decreased their target price on Bank of Montreal from C$140.00 to C$132.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. Finally, UBS Group set a C$122.00 target price on shares of Bank of Montreal and gave the company a “neutral” rating in a report on Tuesday, July 2nd. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$121.00.
Get Our Latest Analysis on BMO
Bank of Montreal Price Performance
Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) last released its quarterly earnings results on Wednesday, May 29th. The bank reported C$2.59 EPS for the quarter, missing analysts’ consensus estimates of C$2.74 by C($0.15). The business had revenue of C$7.97 billion for the quarter, compared to the consensus estimate of C$8.06 billion. Bank of Montreal had a net margin of 20.07% and a return on equity of 8.19%. As a group, equities analysts predict that Bank of Montreal will post 11.6437811 EPS for the current fiscal year.
About Bank of Montreal
Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.
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