Bank of Montreal (TSE:BMO)‘s stock had its “neutral” rating reissued by analysts at Dundee Securities in a report issued on Wednesday. They currently have a C$91.00 price target on the stock. Dundee Securities’ price target would indicate a potential upside of 5.86% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Barclays PLC lifted their price objective on Bank of Montreal from C$70.00 to C$75.00 and gave the stock an “underweight” rating in a report on Wednesday, August 17th. Desjardins lifted their price objective on Bank of Montreal from C$82.00 to C$84.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Citigroup Inc. lifted their price objective on Bank of Montreal from C$89.00 to C$95.00 in a report on Wednesday, September 14th. Scotiabank cut Bank of Montreal from an “outperform” rating to a “sector perform” rating and set a C$88.00 price objective for the company. in a report on Thursday, May 26th. Finally, Keefe, Bruyette & Woods raised their price target on Bank of Montreal from C$81.00 to C$84.00 in a research report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. Bank of Montreal presently has an average rating of “Hold” and an average target price of C$88.00.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

Bank of Montreal (TSE:BMO) traded up 0.61% during trading on Wednesday, reaching $85.96. The company had a trading volume of 806,132 shares. The firm’s 50 day moving average is $85.03 and its 200-day moving average is $82.41. Bank of Montreal has a 12 month low of $68.65 and a 12 month high of $87.92. The company has a market capitalization of $55.44 billion and a P/E ratio of 12.79.

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The company also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Shareholders 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 yield of 4.00%.

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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