Bank of Montreal (TSE:BMO)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a report released on Wednesday, StockTargetPrices.com reports. They presently have a C$88.00 price target on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 4.82% from the company’s current price.
BMO has been the subject of a number of other reports. Citigroup Inc. boosted their price target on 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 target on shares of Bank of Montreal in a research note on Wednesday, September 21st. CIBC boosted their price target on Bank of Montreal from C$88.00 to C$90.00 in a research note on Friday, September 2nd. Barclays PLC boosted their price target on Bank of Montreal from C$75.00 to C$77.00 and gave the company an “underweight” rating in a research note on Wednesday, August 24th. Finally, Scotiabank boosted their price target on Bank of Montreal from C$86.00 to C$89.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 24th. Two research 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. The stock presently has a consensus rating of “Hold” and a consensus target price of C$87.73.
Shares of Bank of Montreal (TSE:BMO) traded down 0.13% during midday trading on Wednesday, hitting $83.95. 1,256,837 shares of the stock were exchanged. The firm’s 50 day moving average price is $85.76 and its 200-day moving average price is $83.03. The stock has a market cap of $54.15 billion and a P/E ratio of 12.49. Bank of Montreal has a 52-week low of $68.65 and a 52-week high of $87.92.
The business also recently announced 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. This represents a $3.44 annualized dividend and a dividend yield of 4.10%.
About Bank of Montreal