Bank of Montreal (TSE:BMO – Get Rating) (NYSE:BMO) had its price objective trimmed by Barclays from C$165.00 to C$149.00 in a report published on Wednesday morning, MarketBeat reports. The firm currently has an overweight rating on the bank’s stock.
A number of other equities analysts have also issued reports on BMO. CIBC decreased their target price on shares of Bank of Montreal from C$156.00 to C$150.00 in a research report on Monday, April 11th. Cormark reiterated a buy rating and issued a C$34.00 target price on shares of Bank of Montreal in a research report on Tuesday, February 22nd. Canaccord Genuity Group increased their target price on shares of Bank of Montreal from C$169.00 to C$171.00 in a research report on Wednesday, March 2nd. TD Securities raised their price objective on shares of Bank of Montreal from C$170.00 to C$175.00 and gave the company a buy rating in a research report on Wednesday, March 2nd. Finally, National Bankshares lowered shares of Bank of Montreal from an outperform rating to a sector perform rating and reduced their price objective for the company from C$163.00 to C$151.00 in a research report on Monday, March 7th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Bank of Montreal has a consensus rating of Buy and an average price target of C$148.85.
Shares of BMO opened at C$132.01 on Wednesday. The firm has a 50-day moving average price of C$143.71 and a 200 day moving average price of C$142.36. The firm has a market capitalization of C$88.64 billion and a PE ratio of 10.17. Bank of Montreal has a 52-week low of C$119.51 and a 52-week high of C$154.47.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 26th. Shareholders of record on Monday, May 2nd will be paid a dividend of $1.33 per share. This represents a $5.32 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Friday, April 29th. Bank of Montreal’s dividend payout ratio is presently 34.74%.
About Bank of Montreal (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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