Bank of Montreal (TSE:BMO) Price Target Raised to C$152.00 at Credit Suisse Group

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

A number of other brokerages also recently issued reports on BMO. CSFB lowered their price objective on Bank of Montreal from C$152.00 to C$150.00 in a research report on Wednesday, August 31st. Royal Bank of Canada lowered their price target on shares of Bank of Montreal from C$158.00 to C$151.00 and set an outperform rating for the company in a report on Wednesday, August 31st. National Bankshares reduced their price objective on shares of Bank of Montreal from C$151.00 to C$147.00 in a research note on Friday, November 18th. Canaccord Genuity Group lowered their target price on shares of Bank of Montreal from C$152.50 to C$150.50 in a research note on Wednesday, August 31st. Finally, Keefe, Bruyette & Woods cut their price target on shares of Bank of Montreal from C$159.00 to C$158.00 in a research report on Friday, November 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$152.34.

Bank of Montreal Stock Performance

Shares of TSE BMO opened at C$131.99 on Tuesday. The firm has a 50 day moving average price of C$124.97 and a two-hundred day moving average price of C$127.31. The stock has a market cap of C$89.01 billion and a P/E ratio of 7.91. Bank of Montreal has a 52-week low of C$113.73 and a 52-week high of C$154.47.

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) last issued its quarterly earnings data on Tuesday, August 30th. The bank reported C$3.09 earnings per share for the quarter, topping the consensus estimate of C$3.06 by C$0.03. The business had revenue of C$6.10 billion during the quarter. Analysts predict that Bank of Montreal will post 14.2100011 earnings per share 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. Stockholders of record on Monday, November 28th will be issued a dividend of $1.39 per share. The ex-dividend date is Monday, October 31st. This represents a $5.56 annualized dividend and a dividend yield of 4.21%. Bank of Montreal’s dividend payout ratio is 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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Analyst Recommendations for Bank of Montreal (TSE:BMO)

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