Bank of Montreal (TSE:BMO – Free Report) (NYSE:BMO) had its price target boosted by CIBC from C$116.00 to C$120.00 in a research note published on Friday, BayStreet.CA reports.
A number of other brokerages have also weighed in on BMO. TD Securities lowered Bank of Montreal from a buy rating to a hold rating and decreased their target price for the company from C$130.00 to C$114.00 in a research report on Wednesday, August 28th. Keefe, Bruyette & Woods lowered Bank of Montreal from a moderate buy rating to a hold rating in a research note on Monday, June 3rd. Jefferies Financial Group decreased their price objective on Bank of Montreal from C$141.00 to C$124.00 and set a buy rating for the company in a report on Monday, August 12th. Scotiabank cut shares of Bank of Montreal from an outperform rating to a sector perform rating and dropped their target price for the stock from C$123.00 to C$112.00 in a report on Wednesday, August 28th. Finally, Desjardins reduced their price target on shares of Bank of Montreal from C$125.00 to C$120.00 and set a hold rating for the company in a report on Wednesday, August 28th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of C$121.29.
Read Our Latest Research Report on BMO
Bank of Montreal Stock Performance
Bank of Montreal Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, October 30th will be given a $1.55 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.55%. Bank of Montreal’s payout ratio is 71.35%.
About Bank of Montreal
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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