Bank of Montreal (TSE:BMO) Price Target Raised to C$152.00

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) had its target price boosted by Credit Suisse Group to C$152.00 in a research note issued to investors on Tuesday morning, Stock Target Advisor reports.

Other equities research analysts have also recently issued reports about the stock. Veritas Investment Research cut 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 report on Wednesday, August 31st. Royal Bank of Canada dropped their target price on shares of Bank of Montreal from C$158.00 to C$151.00 and set an outperform rating for the company in a research report on Wednesday, August 31st. CIBC decreased their price target on shares of Bank of Montreal from C$143.00 to C$135.00 in a research note on Wednesday, September 7th. CSFB decreased their price target on shares of Bank of Montreal from C$152.00 to C$150.00 in a research note on Wednesday, August 31st. Finally, Cormark increased their price target on shares of Bank of Montreal from C$156.00 to C$157.00 in a research note on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of C$152.34.

Bank of Montreal Trading Down 0.3 %

TSE:BMO opened at C$132.37 on Tuesday. The company has a 50-day moving average price of C$125.09 and a 200-day moving average price of C$127.34. Bank of Montreal has a 12 month low of C$113.73 and a 12 month high of C$154.47. The stock has a market cap of C$89.27 billion and a price-to-earnings ratio of 7.94.

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) last posted its earnings results on Tuesday, August 30th. The bank reported C$3.09 EPS for the quarter, topping the consensus estimate of C$3.06 by C$0.03. The company had revenue of C$6.10 billion during the quarter. Equities analysts forecast that Bank of Montreal will post 14.2100011 EPS for the current fiscal year.

Bank of Montreal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 28th will be paid a dividend of $1.39 per share. The ex-dividend date is Monday, October 31st. This represents a $5.56 dividend on an annualized basis and a yield of 4.20%. Bank of Montreal’s dividend payout ratio is currently 30.64%.

About Bank of Montreal

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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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