Bank of Montreal (BMO) Receives “Sector Perform” Rating from Scotiabank
Scotiabank reiterated their sector perform rating on shares of Bank of Montreal (TSE:BMO) in a research report report published on Tuesday. Scotiabank currently has a C$86.00 price target on the stock.
Several other analysts have also issued reports on BMO. Dundee Securities cut their price target 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 report on Tuesday, October 4th. Desjardins upped their price target on shares of 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. Barclays PLC upped their price target on shares of 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. Citigroup Inc. upped their price target on shares of Bank of Montreal from C$89.00 to C$95.00 in a research report on Wednesday, September 14th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Bank of Montreal from C$81.00 to C$84.00 in a research note on Thursday, August 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. Bank of Montreal presently has an average rating of Hold and a consensus target price of C$87.73.
Shares of Bank of Montreal (TSE:BMO) opened at 85.20 on Tuesday. 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 price of $85.50 and a 200 day moving average price of $83.35. The firm has a market capitalization of $54.95 billion and a P/E ratio of 12.68.
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 issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 4.04%.
About Bank of Montreal
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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