Bank of Montreal (BMO) Price Target Raised to C$107.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target hoisted by CSFB from C$103.00 to C$107.00 in a report released on Friday morning.

A number of other equities analysts also recently commented on the company. Eight Capital raised their price objective on Bank of Montreal from C$101.00 to C$106.00 in a report on Wednesday, December 6th. Citigroup raised their target price on Bank of Montreal from C$112.00 to C$116.00 in a report on Monday, December 18th. CIBC raised their target price on Bank of Montreal from C$100.00 to C$107.00 in a report on Monday, November 13th. Royal Bank of Canada raised their target price on Bank of Montreal from C$108.00 to C$116.00 and gave the company a sector perform rating in a report on Wednesday, December 6th. Finally, Scotiabank raised their target price on Bank of Montreal from C$112.00 to C$114.00 and gave the company an outperform rating in a report on Wednesday, December 6th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Bank of Montreal currently has a consensus rating of Hold and an average target price of C$106.58.

Bank of Montreal (BMO) opened at C$104.70 on Friday. The company has a market capitalization of $67,830.00, a PE ratio of 13.22 and a beta of 0.71. Bank of Montreal has a twelve month low of C$88.63 and a twelve month high of C$105.55.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings data on Tuesday, December 5th. The bank reported C$1.94 EPS for the quarter, missing analysts’ consensus estimates of C$1.99 by C($0.05). Bank of Montreal had a return on equity of 13.54% and a net margin of 25.41%.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 1st will be issued a dividend of $0.93 per share. This is an increase from Bank of Montreal’s previous quarterly dividend of $0.90. This represents a $3.72 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, January 31st. Bank of Montreal’s dividend payout ratio (DPR) is presently 44.95%.

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About Bank of Montreal

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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