Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods upped their target price on Bank of Montreal from C$77.00 to C$81.00 in a report on Thursday, May 26th. CIBC upped their target price on Bank of Montreal from C$84.00 to C$85.00 in a report on Thursday, May 26th. Barclays PLC upped their target price on Bank of Montreal to C$70.00 in a report on Thursday, May 26th. Citigroup Inc. upped their target price on Bank of Montreal from C$89.00 to C$95.00 in a report on Wednesday, September 14th. Finally, Desjardins upped their target price on 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. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of C$88.00.
Bank of Montreal (TSE:BMO) opened at 85.49 on Wednesday. Bank of Montreal has a 1-year low of $68.65 and a 1-year high of $87.92. The firm’s 50-day moving average is $85.41 and its 200 day moving average is $82.66. The stock has a market capitalization of $55.14 billion and a price-to-earnings ratio of 12.72.
The business 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 $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 4.02%.
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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