Bank of Montreal (TSE:BMO) (NYSE:BMO) has been given a consensus recommendation of “Hold” by the fifteen research firms that are presently covering the stock. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$87.80.

A number of research analysts have recently issued reports on BMO shares. CSFB cut shares of Bank of Montreal from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from C$98.00 to C$93.00 in a research note on Wednesday, October 5th. Citigroup Inc. lifted their price objective on shares of Bank of Montreal from C$89.00 to C$95.00 in a research note on Wednesday, September 14th. Dundee Securities restated a “neutral” rating and set a C$91.00 price objective on shares of Bank of Montreal in a research note on Wednesday, September 21st. Scotiabank decreased their price objective on shares of Bank of Montreal from C$89.00 to C$86.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 5th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a C$88.00 price objective on shares of Bank of Montreal in a research note on Wednesday, October 5th.

Shares of Bank of Montreal (TSE:BMO) opened at 87.84 on Wednesday. The company has a 50 day moving average of $85.34 and a 200-day moving average of $84.16. The company has a market cap of $56.66 billion and a PE ratio of 13.07. Bank of Montreal has a 12-month low of $68.65 and a 12-month high of $87.92.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Tuesday, November 1st will be given a dividend of $0.86 per share. The ex-dividend date is Friday, October 28th. This represents a $3.44 annualized dividend and a dividend yield of 3.92%.

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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