Bank of Montreal (TSE:BMO) had its price target reduced by Scotiabank from C$89.00 to C$86.00 in a research report sent to investors on Wednesday. They currently have a sector perform rating on the stock.

BMO has been the subject of a number of other research reports. Barclays PLC raised their price objective on Bank of Montreal from C$70.00 to C$75.00 and gave the company an underweight rating in a research report on Wednesday, August 17th. Desjardins raised their price objective on Bank of Montreal from C$82.00 to C$84.00 and gave the company a hold rating in a research report on Wednesday, August 3rd. Dundee Securities reduced their price objective on Bank of Montreal from C$91.00 to C$90.00 and set a neutral rating for the company in a research report on Tuesday. CIBC raised their price objective on Bank of Montreal from C$85.00 to C$88.00 and gave the company a sector perform rating in a research report on Wednesday, August 24th. Finally, National Bank Financial raised their price objective on Bank of Montreal from C$84.00 to C$88.00 and gave the company a sector perform rating in a research report on Wednesday, August 24th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of C$87.73.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

Bank of Montreal (TSE:BMO) opened at 84.16 on Wednesday. The stock has a market cap of $54.28 billion and a PE ratio of 12.52. The company’s 50 day moving average price is $85.76 and its 200 day moving average price is $82.98. Bank of Montreal has a 12 month low of $68.65 and a 12 month high of $87.92.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Tuesday, November 1st will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a 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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