Bank of Montreal (BMO) Given Average Recommendation of “Hold” by Brokerages
Shares of Bank of Montreal (TSE:BMO) have been assigned an average rating of “Hold” from the fifteen analysts that are covering the firm. Two research analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$87.73.
A number of analysts recently commented on BMO shares. Dundee Securities dropped their target price on shares of Bank of Montreal from C$91.00 to C$90.00 and set a “neutral” rating on the stock in a report on Tuesday, October 4th. Desjardins boosted their price target on shares of Bank of Montreal from C$82.00 to C$84.00 and gave the company a “hold” rating in a report on Wednesday, August 3rd. Barclays PLC boosted their price target on shares of Bank of Montreal from C$70.00 to C$75.00 and gave the company an “underweight” rating in a report on Wednesday, August 17th. Citigroup Inc. boosted their price target on shares of Bank of Montreal from C$89.00 to C$95.00 in a report on Wednesday, September 14th. Finally, Scotiabank cut their price target on shares of Bank of Montreal from C$89.00 to C$86.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 5th.
Shares of Bank of Montreal (TSE:BMO) traded up 0.51% during trading on Wednesday, hitting $84.36. 532,230 shares of the company’s stock were exchanged. The firm has a market capitalization of $54.41 billion and a PE ratio of 12.55. Bank of Montreal has a 1-year low of $68.65 and a 1-year high of $87.92. The stock’s 50 day moving average is $85.80 and its 200 day moving average is $83.13.
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Tuesday, November 1st will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 4.10%.
Bank of Montreal Company Profile
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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