Bank of Montreal (BMO) Given Sector Perform Rating at Royal Bank Of Canada
Bank of Montreal (TSE:BMO)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a report released on Wednesday, StockTargetPrices.com reports. They presently have a C$88.00 price target on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 4.82% from the company’s current price.
BMO has been the subject of a number of other reports. Citigroup Inc. boosted their price target on Bank of Montreal from C$89.00 to C$95.00 in a research note on Wednesday, September 14th. Dundee Securities restated a “neutral” rating and set a C$91.00 price target on shares of Bank of Montreal in a research note on Wednesday, September 21st. CIBC boosted their price target on Bank of Montreal from C$88.00 to C$90.00 in a research note on Friday, September 2nd. Barclays PLC boosted their price target on Bank of Montreal from C$75.00 to C$77.00 and gave the company an “underweight” rating in a research note on Wednesday, August 24th. Finally, Scotiabank boosted their price target on Bank of Montreal from C$86.00 to C$89.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 24th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$87.73.
Shares of Bank of Montreal (TSE:BMO) traded down 0.13% during midday trading on Wednesday, hitting $83.95. 1,256,837 shares of the stock were exchanged. The firm’s 50 day moving average price is $85.76 and its 200-day moving average price is $83.03. The stock has a market cap of $54.15 billion and a P/E ratio of 12.49. Bank of Montreal has a 52-week low of $68.65 and a 52-week high of $87.92.
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The business also recently announced 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 annualized dividend and a dividend yield of 4.10%.
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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