Bank of Montreal (TSE:BMO)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a report issued on Wednesday, StockTargetPrices.com reports. They currently have a C$88.00 price objective on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 4.69% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods lifted their target price 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 research 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 research report on Friday, September 2nd. Desjardins lifted their target price on shares of Bank of Montreal from C$82.00 to C$84.00 and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Finally, TD Securities lifted their target price on shares of Bank of Montreal from C$86.00 to C$89.00 and gave the stock a “hold” rating in a research report on Wednesday, August 24th. Two equities 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 company’s stock. The company presently has a consensus rating of “Hold” and an average price target of C$87.73.
Shares of Bank of Montreal (TSE:BMO) opened at 84.06 on Wednesday. Bank of Montreal has a 52 week low of $68.65 and a 52 week high of $87.92. The company has a 50 day moving average of $85.76 and a 200 day moving average of $82.99. The company has a market cap of $54.22 billion and a PE ratio of 12.51.
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 paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 4.09%.
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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