Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group cut their price objective on shares of Bank of Montreal from C$152.50 to C$150.50 in a research report on Wednesday, August 31st. Cormark boosted their price objective on shares of Bank of Montreal from C$156.00 to C$157.00 in a research report on Wednesday, August 31st. Veritas Investment Research lowered shares of Bank of Montreal from a buy rating to a reduce rating and set a C$134.00 target price for the company. in a research note on Wednesday, August 31st. Keefe, Bruyette & Woods lowered their target price on shares of Bank of Montreal from C$159.00 to C$158.00 in a research note on Friday, November 18th. Finally, National Bankshares lowered their target price on shares of Bank of Montreal from C$151.00 to C$147.00 in a research note on Friday, November 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Bank of Montreal currently has a consensus rating of Moderate Buy and a consensus target price of C$152.34.
Bank of Montreal Stock Down 0.3 %
BMO stock opened at C$132.37 on Tuesday. Bank of Montreal has a twelve month low of C$113.73 and a twelve month high of C$154.47. The stock has a market capitalization of C$89.27 billion and a price-to-earnings ratio of 7.94. The firm’s fifty day simple moving average is C$125.09 and its two-hundred day simple moving average is C$127.34.
Bank of Montreal Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 28th will be paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Monday, October 31st. Bank of Montreal’s dividend payout ratio (DPR) is presently 30.64%.
Bank of Montreal Company Profile
Bank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers.
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