CSFB Boosts Bank of Montreal (BMO) Price Target to C$107.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target increased by CSFB from C$103.00 to C$107.00 in a report released on Friday.

Several other research analysts have also issued reports on the company. Canaccord Genuity dropped their target price on Bank of Montreal from C$103.00 to C$99.00 in a research report on Wednesday, November 1st. CIBC boosted their target price on Bank of Montreal from C$100.00 to C$107.00 in a research report on Monday, November 13th. Barclays boosted their target price on Bank of Montreal from C$97.00 to C$98.00 in a research report on Wednesday, December 6th. Eight Capital boosted their target price on Bank of Montreal from C$101.00 to C$106.00 in a research report on Wednesday, December 6th. Finally, National Bank Financial boosted their target price on Bank of Montreal from C$100.00 to C$103.00 and gave the company a sector perform rating in a research report on Wednesday, December 6th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of C$106.58.

Shares of Bank of Montreal (BMO) traded up C$0.72 during midday trading on Friday, reaching C$104.44. The company’s stock had a trading volume of 1,936,100 shares, compared to its average volume of 1,300,000. Bank of Montreal has a 52 week low of C$88.63 and a 52 week high of C$104.91. The company has a market capitalization of $67,660.00, a PE ratio of 13.19 and a beta of 0.71.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings data on Tuesday, December 5th. The bank reported C$1.94 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.99 by C($0.05). Bank of Montreal had a return on equity of 13.54% and a net margin of 25.41%.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 1st will be issued a $0.93 dividend. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.90. The ex-dividend date is Wednesday, January 31st. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.56%. Bank of Montreal’s payout ratio is presently 44.95%.

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About Bank of Montreal

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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