Todays Report: Today, Bank of Montreal (BMO) Rating Reiterated by Scotiabank

Today, Bank of Montreal (BMO) Rating Reiterated by Scotiabank

Bank of Montreal (TSE:BMO)‘s stock had its “sector perform” rating reiterated by equities researchers at Scotiabank in a research note issued on Tuesday. They currently have a C$86.00 price target on the stock. Scotiabank’s price target suggests a potential upside of 1.59% from the company’s current price.

Other analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Bank of Montreal from C$84.00 to C$85.00 in a research report on Wednesday, August 24th. Citigroup Inc. lifted their target price on shares of Bank of Montreal from C$89.00 to C$95.00 in a report on Wednesday, September 14th. CIBC lifted their target price on shares of Bank of Montreal from C$88.00 to C$90.00 in a report on Friday, September 2nd. TD Securities lifted their target price on shares of Bank of Montreal from C$86.00 to C$89.00 and gave the company a “hold” rating in a report on Wednesday, August 24th. Finally, Desjardins lifted their target price on shares of Bank of Montreal from C$84.00 to C$86.00 and gave the company a “hold” rating in a report on Wednesday, August 24th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$87.73.

Shares of Bank of Montreal (TSE:BMO) traded up 0.77% during mid-day trading on Tuesday, reaching $85.30. 805,651 shares of the company were exchanged. Bank of Montreal has a 12 month low of $68.65 and a 12 month high of $87.92. The stock has a 50 day moving average price of $85.56 and a 200-day moving average price of $83.30. The stock has a market capitalization of $55.02 billion and a P/E ratio of 12.69.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders 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 yield of 4.06%.

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