Bank of Montreal Reaches New 12-Month High at $66.35 (BMO)
Bank of Montreal (NYSE:BMO)’s share price reached a new 52-week high during trading on Monday, Stock Ratings Network.com reports. The stock traded as high as $66.35 and last traded at $66.14, with a volume of 278,726 shares traded. The stock had previously closed at $65.88.
A number of analysts have recently weighed in on BMO shares. Analysts at Barclays Capital raised their price target on shares of Bank of Montreal (NYSE:BMO) from $62.00 to $65.00 in a research note to investors on Wednesday, August 28th. They now have an “underweight” rating on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Bank of Montreal (NYSE:BMO) in a research note to investors on Wednesday, August 28th. They now have a $69.00 price target on the stock, up previously from $65.00. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Bank of Montreal (NYSE:BMO) from C$62.00 to C$63.00 in a research note to investors on Thursday, August 22nd. They now have a “market perform” rating on the stock.
Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Bank of Montreal has an average rating of “Hold” and a consensus price target of $64.45.
Bank of Montreal has a one year low of $55.61 and a one year high of $66.22. The stock has a 50-day moving average of $63.15 and a 200-day moving average of $61.55. The company has a market cap of $42.582 billion and a price-to-earnings ratio of 10.40.
Bank of Montreal (NYSE:BMO) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $1.38. The company had revenue of $4.05 billion for the quarter. During the same quarter in the prior year, the company posted $1.49 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Bank of Montreal will post $6.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 26th. Investors of record on Friday, November 1st will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Wednesday, October 30th.
Bank of Montreal (NYSE:BMO) is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services.
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