Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO)’s stock price reached a new 52-week high during mid-day trading on Monday after Scotiabank raised their price target on the stock from C$112.00 to C$147.00. The company traded as high as C$134.16 and last traded at C$133.63, with a volume of 655030 shares traded. The stock had previously closed at C$132.68.
A number of other research firms also recently issued reports on BMO. Cormark lowered their price objective on shares of Bank of Montreal from C$129.00 to C$118.00 in a report on Wednesday, August 28th. Desjardins cut their price target on shares of Bank of Montreal from C$125.00 to C$120.00 and set a “hold” rating on the stock in a research report on Wednesday, August 28th. CIBC raised their price objective on Bank of Montreal from C$116.00 to C$120.00 in a report on Friday, September 6th. Canaccord Genuity Group upped their target price on Bank of Montreal from C$125.00 to C$143.00 in a report on Tuesday, November 19th. Finally, National Bankshares raised their price target on Bank of Montreal from C$127.00 to C$148.00 in a research note on Wednesday, November 20th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$127.33.
Get Our Latest Research Report on BMO
Insider Transactions at Bank of Montreal
Bank of Montreal Trading Up 0.7 %
The stock has a market cap of C$97.48 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The stock has a 50 day simple moving average of C$126.18 and a 200 day simple moving average of C$121.19.
Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) last issued its quarterly earnings results on Tuesday, August 27th. The bank reported C$2.64 EPS for the quarter, missing analysts’ consensus estimates of C$2.72 by C($0.08). The company had revenue of C$8.19 billion during the quarter, compared to the consensus estimate of C$8.23 billion. Bank of Montreal had a return on equity of 8.49% and a net margin of 21.20%. Equities analysts anticipate that Bank of Montreal will post 9.6514585 earnings per share for the current year.
Bank of Montreal Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend is Wednesday, October 30th. Bank of Montreal’s dividend payout ratio (DPR) is presently 71.35%.
Bank of Montreal Company Profile
Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.
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