Bank of Montreal (TSE:BMO) Price Target Lowered to C$156.00 at Scotiabank

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) had its target price trimmed by Scotiabank from C$159.00 to C$156.00 in a report published on Tuesday, The Fly reports.

Several other brokerages have also commented on BMO. CSFB lifted their target price on Bank of Montreal from C$150.00 to C$152.00 in a research report on Tuesday. Keefe, Bruyette & Woods reduced their price objective on Bank of Montreal from C$159.00 to C$158.00 in a research note on Friday, November 18th. CIBC lowered their target price on shares of Bank of Montreal from C$143.00 to C$135.00 in a research note on Wednesday, September 7th. Canaccord Genuity Group reduced their price target on shares of Bank of Montreal from C$152.50 to C$150.50 in a research report on Wednesday, August 31st. Finally, Veritas Investment Research lowered shares of Bank of Montreal from a buy rating to a reduce rating and set a C$134.00 price objective on the stock. in a research note on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Bank of Montreal has a consensus rating of Moderate Buy and an average price target of C$152.34.

Bank of Montreal Price Performance

Shares of BMO stock opened at C$131.99 on Tuesday. The firm has a fifty day moving average of C$124.97 and a two-hundred day moving average of C$127.31. The firm has a market cap of C$89.01 billion and a P/E ratio of 7.91. Bank of Montreal has a 1-year low of C$113.73 and a 1-year high of C$154.47.

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) last issued its quarterly 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 for the quarter. On average, sell-side analysts expect that Bank of Montreal will post 14.2100011 EPS for the current year.

Bank of Montreal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 28th will be given a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 4.21%. The ex-dividend date is Monday, October 31st. Bank of Montreal’s dividend payout ratio is currently 30.64%.

Bank of Montreal Company Profile

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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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