Bank of Montreal (TSE:BMO) Share Price Crosses Above 50 Day Moving Average of $126.91

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$126.91 and traded as high as C$127.19. Bank of Montreal shares last traded at C$126.07, with a volume of 1,130,145 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Bank of Montreal from C$149.00 to C$159.00 in a research note on Tuesday, September 6th. Barclays reduced their price objective on Bank of Montreal from C$149.00 to C$140.00 in a research note on Monday, August 15th. Stifel Nicolaus upped their price objective on Bank of Montreal from C$157.00 to C$160.00 in a research note on Thursday, May 26th. Canaccord Genuity Group reduced their price objective on Bank of Montreal from C$152.50 to C$150.50 in a research note on Wednesday, August 31st. Finally, Credit Suisse Group reduced their price objective on Bank of Montreal from C$152.00 to C$150.00 and set an “outperform” rating for the company in a research note on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten 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$151.38.

Bank of Montreal Stock Performance

The firm’s fifty day simple moving average is C$126.91 and its 200 day simple moving average is C$133.86. The firm has a market cap of C$85.02 billion and a P/E ratio of 7.56.

Bank of Montreal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Tuesday, November 1st will be issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Monday, October 31st. Bank of Montreal’s payout ratio is 30.64%.

Bank of Montreal Company Profile

(Get Rating)

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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