TD Securities Raises Bank of Montreal Price Target to C$88.00 (BMO)
Equities researchers at TD Securities raised their target price on shares of Bank of Montreal (TSE:BMO) from C$84.00 to C$88.00 in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 7.11% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Bank of Montreal currently has a consensus rating of “Hold” and an average target price of C$82.69.
Bank of Montreal (TSE:BMO) traded up 1.55% on Wednesday, hitting $83.435. 979,375 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 $53.816 billion and a price-to-earnings ratio of 12.56.
Bank of Montreal (TSE:BMO) last issued its quarterly earnings data 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 $6.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 26th. Stockholders 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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