Barclays Capital Reaffirms Equalweight Rating on Bank of Montreal (BMO)

By admin | 6 years ago

Bank of Montreal (NYSE: BMO)‘s stock had its “equalweight” rating reiterated by equities research analysts at Barclays Capital (NYSE: BCS) in a research note issued to investors on Thursday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie downgraded shares of Bank of Montreal from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, February 29th. Analysts at BMO Capital Markets raised their EPS on shares of Bank of Montreal in a research note to investors on Tuesday, February 28th. They now have a “market perform” rating and a $57.00 price target on the stock.

Shares of Bank of Montreal opened at 53.72 on Thursday. Bank of Montreal has a one year low of $51.83 and a one year high of $65.79. The company has a market cap of $35.695 billion and a P/E ratio of 9.53.

Bank of Montreal last issued its quarterly earnings data on Wednesday, May 23rd. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.09. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, analysts predict that Bank of Montreal will post $1.44 earnings per share next quarter.

Bank of Montreal (BMO) provides a range of credit and non-credit products and services directly and indirectly through Canadian and non-Canadian subsidiaries, offices and branches.

About the author