Bank of Montreal (TSE:BMO – Get Rating) (NYSE:BMO) had its price objective lowered by Scotiabank from C$151.00 to C$143.00 in a research report report published on Thursday morning, BayStreet.CA reports.
A number of other analysts have also issued reports on BMO. Fundamental Research set a C$160.30 price objective on shares of Bank of Montreal and gave the company a buy rating in a research note on Tuesday, March 14th. CIBC lowered their target price on Bank of Montreal from C$145.00 to C$139.00 in a research note on Tuesday, May 16th. Barclays cut their price target on Bank of Montreal from C$149.00 to C$127.00 in a research note on Tuesday, May 9th. Royal Bank of Canada dropped their price objective on Bank of Montreal from C$154.00 to C$151.00 in a report on Monday, March 27th. Finally, National Bankshares reduced their target price on Bank of Montreal from C$129.00 to C$122.00 and set a sector perform rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Bank of Montreal has a consensus rating of Hold and a consensus price target of C$138.59.
Bank of Montreal Price Performance
TSE BMO opened at C$113.00 on Thursday. The business’s 50-day simple moving average is C$119.29 and its 200-day simple moving average is C$125.80. The firm has a market capitalization of C$79.47 billion, a P/E ratio of 5.65, a P/E/G ratio of 1.49 and a beta of 1.13. Bank of Montreal has a 1-year low of C$111.88 and a 1-year high of C$138.85.
Bank of Montreal Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Friday, July 28th will be given a $1.47 dividend. The ex-dividend date is Thursday, July 27th. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.43. This represents a $5.88 annualized dividend and a yield of 5.20%. Bank of Montreal’s dividend payout ratio (DPR) is currently 28.61%.
Bank of Montreal Company Profile
Bank of Montreal engages in the provision of diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, personal loans, small business lending, cash management, 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.
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
- Best Buy’s Comeback Is Still At Play, Earnings Call For Patience
- e.l.f. Beauty Has Giant Quarter, Shares Hit New High
- If You Can Only Pick One Stock For The Rest Of 2023, Pick Nvidia
Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.