CSFB Reaffirms “Underperform” Rating for Bank of Montreal (BMO)
CSFB restated their underperform rating on shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) in a research note released on Tuesday morning. The firm currently has a C$93.00 price objective on the stock.
Several other research firms have also recently commented on BMO. CIBC raised their price target on Bank of Montreal from C$88.00 to C$90.00 in a report on Friday, September 2nd. National Bank Financial lifted their price objective on Bank of Montreal from C$84.00 to C$88.00 and gave the stock a sector perform rating in a report on Wednesday, August 24th. Scotiabank lifted their price objective on Bank of Montreal from C$86.00 to C$89.00 and gave the stock a sector perform rating in a report on Wednesday, August 24th. Keefe, Bruyette & Woods lifted their price objective on Bank of Montreal from C$84.00 to C$85.00 in a report on Wednesday, August 24th. Finally, Desjardins lifted their price objective on Bank of Montreal from C$84.00 to C$86.00 and gave the stock a hold rating in a report on Wednesday, August 24th. Two investment 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. The company currently has an average rating of Hold and a consensus price target of C$87.80.
Bank of Montreal (TSE:BMO) opened at 87.60 on Tuesday. The stock’s 50 day moving average price is $85.36 and its 200-day moving average price is $84.14. The stock has a market capitalization of $56.50 billion and a PE ratio of 13.03. Bank of Montreal has a 12-month low of $68.65 and a 12-month high of $87.92.
The company also recently declared 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 dividend on an annualized basis and a yield of 3.93%. 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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