Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have received an average rating of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$105.75.
A number of equities analysts have weighed in on BMO shares. CSFB upgraded Bank of Montreal from an “underperform” rating to a “neutral” rating in a research note on Friday, September 6th. Scotiabank raised their price objective on shares of Bank of Montreal from C$106.00 to C$107.00 in a research note on Wednesday, November 20th. Eight Capital cut their target price on Bank of Montreal from C$105.00 to C$100.00 in a research note on Wednesday, September 4th. Desjardins reissued a “hold” rating and issued a C$105.00 target price on shares of Bank of Montreal in a report on Tuesday, November 5th. Finally, Citigroup decreased their price target on Bank of Montreal from C$115.00 to C$105.00 in a research note on Monday, September 9th.
TSE:BMO traded up C$0.62 during trading hours on Friday, hitting C$99.19. The stock had a trading volume of 1,895,648 shares, compared to its average volume of 1,673,871. The company has a 50 day simple moving average of C$99.54 and a two-hundred day simple moving average of C$98.03. The firm has a market capitalization of $65.32 billion and a price-to-earnings ratio of 10.49. Bank of Montreal has a one year low of C$86.25 and a one year high of C$106.51.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 3rd will be given a dividend of $1.06 per share. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.03. This represents a $4.24 dividend on an annualized basis and a yield of 4.27%. Bank of Montreal’s dividend payout ratio is 42.20%.
About Bank of Montreal
Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. 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, and specialized banking programs for small business and commercial banking customers, as well as wealth management products and services, such as insurance products.
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