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Canaccord Genuity hoisted their price target on shares of Bank of Montreal (TSE:BMO) to C$85.00 in a research note issued on Wednesday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 3.46% from the stock’s previous close.

Bank of Montreal (TSE:BMO) opened at 82.16 on Wednesday. Bank of Montreal has a one year low of $65.37 and a one year high of $82.79. The stock’s 50-day moving average is $80.81 and its 200-day moving average is $76.38. The company has a market cap of $52.993 billion and a P/E ratio of 12.51.

Bank of Montreal (TSE:BMO) last announced its earnings results on Wednesday, August 27th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.07. Analysts expect that Bank of Montreal will post $6.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 26th. Investors of record on Monday, November 3rd will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.80%.

A number of other analysts have also recently weighed in on BMO. Analysts at Barclays raised their price target on shares of Bank of Montreal from C$80.00 to C$84.00 in a research note on Tuesday, August 19th. They now have an “equal weight” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Bank of Montreal from C$72.00 to C$84.00 in a research note on Tuesday, August 19th. They now have a “market perform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Bank of Montreal from C$81.00 to C$86.00 in a research note on Tuesday, August 12th. They now have a “sector perform” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$81.42.

Bank of Montreal (TSE: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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