Bank of Montreal (TSE:BMO) Price Target Raised to C$183.00

by · The Cerbat Gem

Bank of Montreal (TSE:BMO – Free Report) (NYSE:BMO) had its price target hoisted by Raymond James Financial from C$182.00 to C$183.00 in a research report sent to investors on Monday,BayStreet.CA reports.

Several other equities analysts have also weighed in on BMO. Jefferies Financial Group increased their price target on shares of Bank of Montreal from C$181.00 to C$182.00 in a research report on Friday, December 5th. Cibc World Mkts raised Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. TD Securities boosted their price objective on Bank of Montreal from C$182.00 to C$184.00 and gave the company a “hold” rating in a research note on Friday, December 5th. Natl Bk Canada downgraded shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Finally, Bank of America lifted their target price on shares of Bank of Montreal from C$179.00 to C$183.00 in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$181.42.

Read Our Latest Research Report on BMO

Bank of Montreal Trading Up 2.0%

Shares of Bank of Montreal stock opened at C$178.76 on Monday. The business’s fifty day simple moving average is C$175.66 and its 200 day simple moving average is C$164.64. Bank of Montreal has a 12 month low of C$121.31 and a 12 month high of C$182.90. The firm has a market capitalization of C$128.05 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 0.71 and a beta of 1.39.

Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) last announced its quarterly earnings data on Thursday, December 4th. The bank reported C$3.28 earnings per share (EPS) for the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%.The firm had revenue of C$9.34 billion during the quarter. Analysts predict that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Bank of Montreal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 26th were given a dividend of $1.63 per share. The ex-dividend date was Thursday, October 30th. This represents a $6.52 dividend on an annualized basis and a yield of 3.6%. Bank of Montreal’s dividend payout ratio (DPR) is presently 55.74%.

Bank of Montreal Company Profile

(Get Free Report)

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.

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