Bank of Montreal (BMO) Earns “Neutral” Rating from Dundee Securities
Bank of Montreal (TSE:BMO)‘s stock had its “neutral” rating reiterated by Dundee Securities in a report released on Wednesday. They presently have a C$91.00 target price on the stock. Dundee Securities’ target price indicates a potential upside of 6.51% from the company’s previous close.
BMO has been the topic of several other reports. Citigroup Inc. upped their price objective on Bank of Montreal from C$89.00 to C$95.00 in a report on Wednesday, September 14th. CIBC increased their price target on Bank of Montreal from C$88.00 to C$90.00 in a report on Friday, September 2nd. Barclays PLC increased their price target on Bank of Montreal to C$70.00 in a report on Thursday, May 26th. TD Securities lowered Bank of Montreal from a “buy” rating to a “hold” rating and set a C$86.00 price target on the stock. in a report on Thursday, May 26th. Finally, Scotiabank lowered Bank of Montreal from an “outperform” rating to a “sector perform” rating and set a C$88.00 price target on the stock. in a report on Thursday, May 26th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. Bank of Montreal presently has a consensus rating of “Hold” and a consensus target price of C$88.00.
Shares of Bank of Montreal (TSE:BMO) traded up 0.39% during trading on Wednesday, reaching $85.77. The company’s stock had a trading volume of 263,181 shares. Bank of Montreal has a one year low of $68.65 and a one year high of $87.92. The company has a 50-day moving average price of $85.03 and a 200-day moving average price of $82.41. The stock has a market cap of $55.32 billion and a price-to-earnings ratio of 12.76.
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The company also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Tuesday, November 1st will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 4.03%.
About Bank of Montreal
Bank of Montreal (BMO) is a financial services company. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank’s operating groups include Personal and Commercial Banking, Wealth Management, BMO Capital Markets (BMO CM) and Corporate Services, including Technology and Operations.
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