Bank of Montreal (BMO) Downgraded by CSFB to Underperform
CSFB lowered shares of Bank of Montreal (TSE:BMO) from a neutral rating to an underperform rating in a report published on Wednesday morning. CSFB currently has C$93.00 target price on the stock, down from their prior target price of C$98.00.
Several other equities analysts have also commented on BMO. CIBC increased their price objective on Bank of Montreal from C$88.00 to C$90.00 in a research report on Friday, September 2nd. Royal Bank Of Canada reiterated a sector perform rating and set a C$88.00 price objective on shares of Bank of Montreal in a research report on Wednesday. Barclays PLC increased their price objective on Bank of Montreal from C$75.00 to C$77.00 and gave the company an underweight rating in a research report on Wednesday, August 24th. Scotiabank increased their price objective on Bank of Montreal from C$86.00 to C$89.00 and gave the company a sector perform rating in a research report on Wednesday, August 24th. Finally, Keefe, Bruyette & Woods increased their price objective on Bank of Montreal from C$84.00 to C$85.00 in a research report on Wednesday, August 24th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. Bank of Montreal currently has an average rating of Hold and a consensus target price of C$87.73.
Shares of Bank of Montreal (TSE:BMO) opened at 84.16 on Wednesday. Bank of Montreal has a 52 week low of $68.65 and a 52 week high of $87.92. The firm has a market capitalization of $54.28 billion and a price-to-earnings ratio of 12.52. The stock’s 50 day moving average price is $85.76 and its 200-day moving average price is $82.98.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Tuesday, November 1st will be given a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 4.09%.
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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