Bank of Montreal (BMO) Stock Forecast & Price Target

C$127.88

-1.66 (-1.28%)

(As of 10:52 AM ET)

Bank of Montreal - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 13 Analyst Ratings

Sell
0

Hold
8

Buy
5

Based on 13 Wall Street analysts who have issued ratings for Bank of Montreal in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 8 have given a hold rating, and 5 have given a buy rating for BMO.

Consensus Price Target

C$120.77
-5.56% Downside

According to the 13 analysts' twelve-month price targets for Bank of Montreal, the average price target is C$120.77. The highest price target for BMO is C$132.00, while the lowest price target for BMO is C$106.00. The average price target represents a forecasted downside of -5.56% from the current price of C$127.88.

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BMO Analyst Ratings Over Time

Type	Current Forecast 10/31/23 to 10/30/24	1 Month Ago 10/1/23 to 9/30/24	3 Months Ago 8/2/23 to 8/1/24	1 Year Ago 10/31/22 to 10/31/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$120.77	C$120.77	C$130.93	C$132.58
Forecasted Upside	-5.56% Downside	-1.04% Downside	14.16% Upside	26.52% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Moderate Buy

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BMO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BMO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Bank of Montreal Stock vs. The Competition

Type	Bank of Montreal	Financial Services Companies
Consensus Rating Score	2.38	2.59
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News See Recent BMO News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/6/2024	CIBC 3 of 5 stars		Boost Target		C$116.00 ➝ C$120.00	+7.65%
8/28/2024	Bank of America 4 of 5 stars		Downgrade	Buy ➝ Neutral	C$134.00 ➝ C$117.00	+6.27%
8/28/2024	Cormark 3 of 5 stars		Lower Target		C$129.00 ➝ C$118.00	+7.18%
8/28/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Grauman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform	C$123.00 ➝ C$112.00	+1.73%
8/28/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Mendonca Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	C$130.00 ➝ C$114.00	+3.54%
8/28/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$131.00 ➝ C$127.00	+15.35%
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8/28/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Young Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold	C$125.00 ➝ C$120.00	+8.99%
8/28/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Mihelic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform	C$118.00 ➝ C$106.00	-3.72%
8/28/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$135.00 ➝ C$130.00	+18.07%
8/12/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$141.00 ➝ C$124.00	+11.02%
7/2/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Shea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Neutral	C$122.00	+6.45%
6/3/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Rizvanovic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Moderate Buy ➝ Hold
5/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	C$140.00 ➝ C$132.00	+10.79%
9/12/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Outperform	C$128.00	+10.11%
7/24/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$121.50 ➝ C$130.50	+5.74%
6/6/2023	Fundamental Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$144.25	+23.24%
11/22/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Joo Ho Kim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$152.00	+15.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 11:17 AM ET.

Should I Buy Bank of Montreal Stock? BMO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, October 23, 2024. Please send any questions or comments about these Bank of Montreal pros and cons to contact@marketbeat.com.

Bank of Montreal
Bull Case

Here are some ways that investors could benefit from investing in Bank of Montreal:

Bank of Montreal's stock price recently hit a new 12-month high at C$26.14, indicating positive momentum and potential for capital appreciation.
Bank of Montreal has a market capitalization of C$89.00 billion, showcasing its stability and size in the financial market.
The bank has a PE ratio of 13.94, which suggests that the stock may be undervalued compared to its earnings potential.
Analysts forecast growth for Bank of Montreal, indicating positive sentiment and potential for future profitability.
Bank of Montreal pays a quarterly dividend, providing investors with a steady income stream.

Bank of Montreal
Bear Case

Investors should be bearish about investing in Bank of Montreal for these reasons:

Bank of Montreal's stock performance has shown fluctuations, with the stock trading down on certain days, indicating potential volatility.
Recent insider selling activity by senior officers may raise concerns about the company's future performance or outlook.
Several analysts have issued hold ratings on the stock, suggesting uncertainty or lack of strong buy recommendations.
The company's net margin of 21.20% may be lower than industry peers, indicating potential profitability challenges.
Bank of Montreal's 52-week high of C$133.95 may pose a resistance level for further stock price appreciation.

BMO Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of Montreal is C$120.77, with a high forecast of C$132.00 and a low forecast of C$106.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last twelve months. There are currently 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BMO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BMO, but not buy additional shares or sell existing shares.
: According to analysts, Bank of Montreal's stock has a predicted downside of -5.56% based on their 12-month stock forecasts.
: Over the previous 90 days, Bank of Montreal's stock had 3 downgrades by analysts.
: Bank of Montreal has been rated by research analysts at Bank of America, Canaccord Genuity Group, CIBC, Cormark, Desjardins, Jefferies Financial Group, National Bankshares, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.
: Analysts like Bank of Montreal less than other "financial services" companies. The consensus rating for Bank of Montreal is Hold while the average consensus rating for "financial services" companies is Moderate Buy. Learn more on how BMO compares to other companies.

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This page (TSE:BMO) was last updated on 10/30/2024 by MarketBeat.com Staff

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Bank of Montreal (BMO) Stock Forecast & Price Target