Bank of Montreal (BMO) Receives C$87.73 Consensus PT from Analysts
Bank of Montreal (TSE:BMO) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are covering the firm. Two analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$87.73.
Several equities research analysts recently issued reports on BMO shares. Citigroup Inc. increased their price objective on Bank of Montreal from C$89.00 to C$95.00 in a research note on Wednesday, September 14th. Barclays PLC upped their target price on Bank of Montreal from C$75.00 to C$77.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 24th. Keefe, Bruyette & Woods upped their target price on Bank of Montreal from C$84.00 to C$85.00 in a research report on Wednesday, August 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$88.00 target price on shares of Bank of Montreal in a research report on Wednesday, October 5th. Finally, CSFB lowered Bank of Montreal from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from C$98.00 to C$93.00 in a research report on Wednesday, October 5th.
Bank of Montreal (TSE:BMO) opened at 84.48 on Wednesday. The stock’s 50 day moving average is $85.62 and its 200-day moving average is $83.20. Bank of Montreal has a 12 month low of $68.65 and a 12 month high of $87.92. The stock has a market capitalization of $54.49 billion and a price-to-earnings ratio of 12.57.
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 issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 4.07%.
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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