Bank of Montreal (TSE:BMO) had its price objective decreased by Dundee Securities from C$91.00 to C$90.00 in a research report report published on Tuesday. Dundee Securities currently has a neutral rating on the stock.
Several other research analysts also recently commented on the company. Citigroup Inc. boosted their target price on Bank of Montreal from C$89.00 to C$95.00 in a report on Wednesday, September 14th. CIBC upped their price objective on Bank of Montreal from C$88.00 to C$90.00 in a report on Friday, September 2nd. TD Securities upped their price objective on Bank of Montreal from C$86.00 to C$89.00 and gave the stock a hold rating in a report on Wednesday, August 24th. Scotiabank upped their price objective on Bank of Montreal from C$86.00 to C$89.00 and gave the stock a sector perform rating in a report on Wednesday, August 24th. Finally, National Bank Financial upped their price objective on Bank of Montreal from C$84.00 to C$88.00 and gave the stock a sector perform rating in a report on Wednesday, August 24th. Two equities 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. The company presently has a consensus rating of Hold and a consensus price target of C$87.73.
Shares of Bank of Montreal (TSE:BMO) opened at 83.95 on Tuesday. The firm has a market cap of $54.15 billion and a PE ratio of 12.49. The stock has a 50 day moving average price of $85.76 and a 200 day moving average price of $83.03. Bank of Montreal has a 12 month low of $68.65 and a 12 month high of $87.92.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Tuesday, November 1st will be given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 4.10%.
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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