Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) had its target price dropped by equities researchers at National Bankshares from C$131.00 to C$127.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the bank’s stock. National Bankshares’ price objective points to a potential upside of 15.35% from the company’s previous close.
A number of other research firms also recently issued reports on BMO. Barclays cut their price objective on shares of Bank of Montreal from C$140.00 to C$132.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Royal Bank of Canada cut their price objective on shares of Bank of Montreal from C$118.00 to C$106.00 and set a “sector perform” rating for the company in a report on Wednesday. CIBC cut their price objective on shares of Bank of Montreal from C$120.00 to C$116.00 and set a “neutral” rating for the company in a report on Wednesday. Canaccord Genuity Group cut their price objective on shares of Bank of Montreal from C$135.00 to C$130.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Jefferies Financial Group cut their price target on shares of Bank of Montreal from C$141.00 to C$124.00 and set a “buy” rating for the company in a report on Monday, August 12th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$121.00.
Check Out Our Latest Report on Bank of Montreal
Bank of Montreal Stock Performance
Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) last announced its earnings results on Wednesday, May 29th. The bank reported C$2.59 EPS for the quarter, missing the consensus estimate of C$2.74 by C($0.15). Bank of Montreal had a return on equity of 8.19% and a net margin of 20.07%. The company had revenue of C$7.97 billion for the quarter, compared to the consensus estimate of C$8.06 billion. Analysts expect that Bank of Montreal will post 11.6437811 EPS for the current 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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