Desjardins Increases Bank of Montreal (BMO) Price Target to C$87.00
Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price upped by investment analysts at Desjardins from C$86.00 to C$87.00 in a report issued on Monday. Desjardins’ target price would suggest a potential upside of 0.07% from the stock’s current price.
A number of other research analysts have also weighed in on the company. Scotiabank restated a “sector perform” rating and issued a C$86.00 target price on shares of Bank of Montreal in a report on Tuesday, October 18th. CSFB lowered Bank of Montreal from a “neutral” rating to an “underperform” rating and dropped their target price for the company from C$98.00 to C$93.00 in a report on Wednesday, October 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$88.00 price target on shares of Bank of Montreal in a research report on Wednesday, October 5th. Dundee Securities decreased their price target 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, October 4th. Finally, Citigroup Inc. increased their price target on Bank of Montreal from C$89.00 to C$95.00 in a research report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$87.80.
Shares of Bank of Montreal (TSE:BMO) opened at 86.94 on Monday. The company has a market capitalization of $56.08 billion and a P/E ratio of 12.94. The stock’s 50 day moving average price is $85.29 and its 200-day moving average price is $84.09. Bank of Montreal has a 52-week low of $68.65 and a 52-week high of $87.92.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Tuesday, November 1st will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Friday, October 28th.
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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