Bank of Montreal (TSE:BMO) PT Set at C$122.00 by UBS Group

Bank of Montreal (TSE:BMO) (NYSE:BMO) has been given a C$122.00 price objective by equities research analysts at UBS Group in a report released on Tuesday, BayStreet.CA reports. The firm presently has a “neutral” rating on the bank’s stock. UBS Group’s price objective indicates a potential upside of 5.07% from the company’s current price.

BMO has been the subject of several other research reports. Barclays dropped their price target on shares of 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. National Bankshares dropped their target price on Bank of Montreal from C$143.00 to C$136.00 and set an “outperform” rating for the company in a report on Thursday, May 30th. Royal Bank of Canada decreased their price target on Bank of Montreal from C$130.00 to C$124.00 and set an “outperform” rating on the stock in a research note on Thursday, May 30th. Scotiabank dropped their price objective on Bank of Montreal from C$137.00 to C$129.00 and set an “outperform” rating for the company in a research note on Thursday, May 30th. Finally, CIBC reduced their target price on shares of Bank of Montreal from C$125.00 to C$120.00 and set a “neutral” rating on the stock in a research note on Friday, March 8th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$131.30.

Bank of Montreal Trading Up 0.7 %

BMO opened at C$116.11 on Tuesday. The stock’s 50 day simple moving average is C$122.10 and its 200-day simple moving average is C$125.93. The stock has a market cap of C$84.23 billion, a PE ratio of 15.93, a P/E/G ratio of 0.54 and a beta of 1.19. Bank of Montreal has a 1 year low of C$102.67 and a 1 year high of C$133.95.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings results on Wednesday, May 29th. The bank reported C$2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.74 by C($0.15). The business had revenue of C$7.97 billion during the quarter, compared to the consensus estimate of C$8.06 billion. Bank of Montreal had a net margin of 17.71% and a return on equity of 7.28%. Equities analysts forecast that Bank of Montreal will post 11.2532189 earnings per share for the current fiscal year.

Bank of Montreal Company Profile

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.