NBF Increases Bank of Montreal Price Target to C$86.00 (BMO)
Analysts at NBF upped their price objective on shares of Bank of Montreal (TSE:BMO) from C$82.00 to C$86.00 in a research report issued to clients and investors on Wednesday. NBF’s target price would indicate a potential upside of 4.67% from the stock’s previous close.
Bank of Montreal (TSE:BMO) traded up 1.55% during mid-day trading on Wednesday, hitting $83.435. The stock had a trading volume of 979,375 shares. Bank of Montreal has a 1-year low of $65.37 and a 1-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 $53.816 billion and a price-to-earnings ratio of 12.56.
Bank of Montreal (TSE:BMO) last released its earnings results on Wednesday, August 27th. The company reported $1.73 earnings per share for the quarter, beating the analysts’ 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 analysts have also recently weighed in on BMO. Analysts at Canaccord Genuity raised their price target on shares of Bank of Montreal to C$85.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of C$82.69.
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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