Bank of Montreal (TSE:BMO) had its price target lowered by Scotiabank from C$89.00 to C$86.00 in a research note published on Wednesday morning. The firm currently has a sector perform rating on the stock.
BMO has been the subject of several other reports. Dundee Securities decreased their target price on shares of Bank of Montreal from C$91.00 to C$90.00 and set a neutral rating for the company in a research note on Tuesday, October 4th. Desjardins raised 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 research note on Wednesday, August 3rd. Barclays PLC raised their target price on shares of 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. Citigroup Inc. raised their target price on shares of 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 shares of Bank of Montreal from C$81.00 to C$84.00 in a research note on Thursday, August 18th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of C$87.73.
Bank of Montreal (TSE:BMO) opened at 83.95 on Wednesday. Bank of Montreal has a 52 week low of $68.65 and a 52 week high of $87.92. The stock has a 50 day moving average of $85.81 and a 200-day moving average of $83.13. The firm has a market cap of $54.15 billion and a PE ratio of 12.49.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Tuesday, November 1st will be paid a $0.86 dividend. 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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