National Bank Financial Boosts Bank of Montreal Price Target to C$86.00 (BMO)
Research analysts at National Bank Financial lifted their price target on shares of Bank of Montreal (TSE:BMO) from C$82.00 to C$86.00 in a report released on Wednesday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 4.67% from the company’s current price.
BMO has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at RBC Capital raised their price target on shares of Bank of Montreal from C$77.00 to C$85.00 in a research note on Wednesday. They now have a “sector perform” rating on the stock. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$84.31.
Shares of Bank of Montreal (TSE:BMO) traded up 1.47% on Wednesday, hitting $83.37. 1,535,202 shares of the company’s stock traded hands. Bank of Montreal has a 52-week low of $65.37 and a 52-week 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 $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 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%.
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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