Bank of Montreal (TSE:BMO) had its price objective cut by equities research analysts at Scotiabank from C$89.00 to C$86.00 in a research note issued on Wednesday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 2.31% from the stock’s previous close.
Several other equities analysts have also weighed in on the stock. Desjardins lifted their target price 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. Dundee Securities cut their target price on shares of Bank of Montreal from C$91.00 to C$90.00 and set a “neutral” rating for the company in a report on Tuesday. Barclays PLC lifted their target price 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. 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. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Bank of Montreal from C$81.00 to C$84.00 in a research note on Thursday, August 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. Bank of Montreal presently has a consensus rating of “Hold” and a consensus target price of C$87.73.
Bank of Montreal (TSE:BMO) opened at 84.06 on Wednesday. The company has a market capitalization of $54.22 billion and a price-to-earnings ratio of 12.51. Bank of Montreal has a 52-week low of $68.65 and a 52-week high of $87.92. The firm has a 50 day moving average of $85.76 and a 200-day moving average of $82.99.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Tuesday, November 1st will be paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 4.09%.
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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