Bank of Montreal (BMO) Rating Reiterated by Royal Bank Of Canada
Bank of Montreal (TSE:BMO)‘s stock had its “sector perform” rating reissued by Royal Bank Of Canada in a research note issued on Wednesday, StockTargetPrices.com reports. They presently have a C$88.00 price target on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 4.39% from the company’s current price.
A number of other analysts have also weighed in on the company. Desjardins raised their target price on Bank of Montreal from C$82.00 to C$84.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Barclays PLC raised their target price on Bank of Montreal from C$70.00 to C$75.00 and gave the company an “underweight” rating in a research note on Wednesday, August 17th. Dundee Securities restated a “neutral” rating and issued a C$91.00 target price on shares of Bank of Montreal in a research note on Wednesday, September 21st. Citigroup Inc. raised their target price on Bank of Montreal from C$89.00 to C$95.00 in a research note on Wednesday, September 14th. Finally, Keefe, Bruyette & Woods raised their target price on Bank of Montreal from C$81.00 to C$84.00 in a research note on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$87.93.
Bank of Montreal (TSE:BMO) traded down 0.07% during trading on Wednesday, reaching $84.24. 339,100 shares of the company’s stock traded hands. Bank of Montreal has a 12 month low of $68.65 and a 12 month high of $87.92. The company has a 50-day moving average of $85.74 and a 200 day moving average of $82.98. The stock has a market capitalization of $54.33 billion and a P/E ratio of 12.53.
The company also recently declared 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 annualized dividend and a yield of 4.08%.
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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