CSFB Lowers Bank of Montreal (BMO) to Underperform
CSFB lowered shares of Bank of Montreal (TSE:BMO) from a neutral rating to an underperform rating in a report issued on Wednesday morning. They currently have C$93.00 target price on the stock, down from their previous target price of C$98.00.
Other research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods increased their target price on shares of Bank of Montreal from C$81.00 to C$84.00 in a report on Thursday, August 18th. Citigroup Inc. increased 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 increased their target price on shares of Bank of Montreal from C$88.00 to C$90.00 in a report on Friday, September 2nd. Desjardins increased 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. Finally, TD Securities increased 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. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. Bank of Montreal has an average rating of Hold and a consensus price target of C$87.73.
Shares of Bank of Montreal (TSE:BMO) opened at 83.95 on Wednesday. The stock has a market cap of $54.15 billion and a price-to-earnings ratio of 12.49. Bank of Montreal has a 52-week low of $68.65 and a 52-week high of $87.92. The stock’s 50 day moving average is $85.81 and its 200 day moving average is $83.13.
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 paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 4.10%.
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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