Bank of Montreal Price Target Increased to C$90.00 by Analysts at CSFB (BMO)
Analysts at CSFB raised their price objective on shares of Bank of Montreal (TSE:BMO) from C$88.00 to C$90.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “neutral” rating on the stock. CSFB’s target price indicates a potential upside of 9.54% from the company’s current price.
Shares of Bank of Montreal (TSE:BMO) traded up 1.47% during mid-day trading on Wednesday, hitting $83.37. 1,534,377 shares of the company’s stock traded hands. Bank of Montreal has a one year low of $65.37 and a one year high of $82.79. The stock has a 50-day moving average of $80.81 and a 200-day moving average of $76.38. The company has a market cap of $53.774 billion and a price-to-earnings ratio of 12.56.
Bank of Montreal (TSE:BMO) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $1.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.66 by $0.07. On average, analysts predict that Bank of Montreal will post $6.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.80%.
A number of other firms have also recently commented on BMO. Analysts at National Bank Financial raised their price target on shares of Bank of Montreal from C$82.00 to C$86.00 in a research note on Wednesday. They now have a “sector perform” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Bank of Montreal from C$85.00 to C$86.00 in a research note on Wednesday. They now have a “sector perform” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Bank of Montreal from C$84.00 to C$88.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Bank of Montreal currently has a consensus rating of “Hold” and a consensus price target of C$84.31.
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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