Scotiabank Raises Bank of Montreal Price Target to C$86.00 (BMO)
Research analysts at Scotiabank boosted their target price on shares of Bank of Montreal (TSE:BMO) from C$85.00 to C$86.00 in a research report issued on Wednesday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 4.67% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at NBF raised their price target on shares of Bank of Montreal from C$82.00 to C$86.00 in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Bank of Montreal has a consensus rating of “Hold” and a consensus price target of C$84.31.
Bank of Montreal (TSE:BMO) traded up 1.44% on Wednesday, hitting $83.34. 1,541,721 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 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 $53.754 billion and a P/E ratio of 12.56.
Bank of Montreal (TSE:BMO) last issued its quarterly earnings data 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. Investors 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%.
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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