Bank of Montreal (BMO) Rating Reiterated by Scotiabank
Bank of Montreal (TSE:BMO)‘s stock had its “sector perform” rating reiterated by equities researchers at Scotiabank in a research note issued on Tuesday. They currently have a C$86.00 price target on the stock. Scotiabank’s price target suggests a potential upside of 1.59% from the company’s current price.
Other analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Bank of Montreal from C$84.00 to C$85.00 in a research report on Wednesday, August 24th. Citigroup Inc. lifted their target price on shares of Bank of Montreal from C$89.00 to C$95.00 in a report on Wednesday, September 14th. CIBC lifted their target price on shares of Bank of Montreal from C$88.00 to C$90.00 in a report on Friday, September 2nd. TD Securities lifted their target price on shares of Bank of Montreal from C$86.00 to C$89.00 and gave the company a “hold” rating in a report on Wednesday, August 24th. Finally, Desjardins lifted their target price on shares of Bank of Montreal from C$84.00 to C$86.00 and gave the company a “hold” rating in a report on Wednesday, August 24th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$87.73.
Shares of Bank of Montreal (TSE:BMO) traded up 0.77% during mid-day trading on Tuesday, reaching $85.30. 805,651 shares of the company were exchanged. Bank of Montreal has a 12 month low of $68.65 and a 12 month high of $87.92. The stock has a 50 day moving average price of $85.56 and a 200-day moving average price of $83.30. The stock has a market capitalization of $55.02 billion and a P/E ratio of 12.69.
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The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Tuesday, November 1st will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 4.06%.
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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