Bank of Montreal PT Raised to $70.00 (BMO)
Bank of Montreal (NYSE: BMO) had its target price raised by Canaccord Genuity from $68.00 to $70.00 in a research note issued to investors on Wednesday. The firm currently has a hold rating on the stock.
Shares of Bank of Montreal traded up 0.27% during mid-day trading on Wednesday, hitting $62.40. Bank of Montreal has a one year low of $50.95 and a one year high of $64.79. The stock’s 50-day moving average is currently $62.98. The company has a market cap of $42.008 billion and a P/E ratio of 10.10.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, May 28th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Monday, April 29th.
A number of other analysts have also recently weighed in on BMO. Analysts at CIBC raised their price target on shares of Bank of Montreal from $65.00 to $66.00 in a research note to investors on Wednesday. They now have an underperform rating on the stock. Separately, analysts at National Bank of Greece raised their price target on shares of Bank of Montreal from $66.00 to $68.00 in a research note to investors on Wednesday. They now have a sector perform rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Bank of Montreal from $66.00 to $70.00 in a research note to investors on Wednesday. They now have an underperform rating on the stock.
Two analysts have rated the stock with a buy rating, one has given an overweight rating, eleven have issued a hold rating, one has issued an underweight rating, and four have issued a sell rating to the company’s stock. Bank of Montreal has a consensus rating of hold and an average target price of $66.06.
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