Brokerages Set Bank of Montreal (BMO) Target Price at $87.73
Bank of Montreal (TSE:BMO) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are presently covering the stock. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$87.73.
Several analysts recently weighed in on BMO shares. Citigroup Inc. raised their target price on shares of Bank of Montreal from C$89.00 to C$95.00 in a report on Wednesday, September 14th. Barclays PLC raised their price objective on shares of Bank of Montreal from C$75.00 to C$77.00 and gave the stock an “underweight” rating in a report on Wednesday, August 24th. Keefe, Bruyette & Woods raised their price objective on shares of Bank of Montreal from C$84.00 to C$85.00 in a report on Wednesday, August 24th. Royal Bank Of Canada reissued a “sector perform” rating and set a C$88.00 price objective on shares of Bank of Montreal in a report on Wednesday, October 5th. Finally, CSFB cut shares of Bank of Montreal from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from C$98.00 to C$93.00 in a report on Wednesday, October 5th.
Bank of Montreal (TSE:BMO) opened at 84.48 on Wednesday. The company has a 50 day moving average of $85.62 and a 200 day moving average of $83.20. Bank of Montreal has a 1-year low of $68.65 and a 1-year high of $87.92. The firm has a market capitalization of $54.49 billion and a PE ratio of 12.57.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders 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 dividend yield of 4.07%.
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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