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

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

Other equities research analysts also recently issued research reports about the company. Veritas Investment Research downgraded Bank of Montreal from a buy rating to a reduce rating and set a C$134.00 price objective for the company. in a research report on Wednesday, August 31st. Canaccord Genuity Group dropped their price target on Bank of Montreal from C$152.50 to C$150.50 in a research note on Wednesday, August 31st. Royal Bank of Canada cut their price objective on Bank of Montreal from C$158.00 to C$151.00 and set an outperform rating on the stock in a report on Wednesday, August 31st. Barclays raised their target price on shares of Bank of Montreal from C$151.00 to C$153.00 in a report on Monday, November 14th. Finally, CSFB boosted their price target on shares of Bank of Montreal from C$150.00 to C$152.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to, the stock presently has an average rating of Moderate Buy and an average price target of C$152.34.

Bank of Montreal Trading Up 0.7 %

Shares of TSE BMO opened at C$131.99 on Tuesday. Bank of Montreal has a twelve month low of C$113.73 and a twelve month high of C$154.47. The firm has a 50-day moving average of C$124.97 and a two-hundred day moving average of C$127.31. The company has a market capitalization of C$89.01 billion and a price-to-earnings ratio of 7.91.

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) last released its earnings results on Tuesday, August 30th. The bank reported C$3.09 EPS for the quarter, topping analysts’ consensus estimates of C$3.06 by C$0.03. The business had revenue of C$6.10 billion during the quarter. As a group, research analysts predict that Bank of Montreal will post 14.2100011 earnings per share for the current year.

Bank of Montreal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 28th will be issued a dividend of $1.39 per share. The ex-dividend date of this dividend 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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