Macquarie upgraded shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) from a neutral rating to an outperform rating in a research report released on Thursday morning. The firm currently has C$107.00 price objective on the bank’s stock, up from their previous price objective of C$105.00.
Other research analysts also recently issued research reports about the company. Barclays increased their price objective on Bank of Montreal from C$97.00 to C$98.00 in a report on Wednesday, December 6th. Scotiabank increased their price objective 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. Eight Capital increased their price objective on Bank of Montreal from C$101.00 to C$106.00 in a report on Wednesday, December 6th. CSFB increased their price objective on Bank of Montreal from C$102.00 to C$103.00 in a report on Wednesday, December 6th. Finally, Canaccord Genuity dropped their price objective on Bank of Montreal from C$103.00 to C$99.00 in a report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of C$106.54.
Bank of Montreal (TSE BMO) opened at C$97.61 on Thursday. Bank of Montreal has a 1-year low of C$88.63 and a 1-year high of C$105.55. The company has a market capitalization of $63,270.00, a PE ratio of 12.32 and a beta of 0.67.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 1st will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Wednesday, January 31st. This is an increase from Bank of Montreal’s previous quarterly dividend of $0.90. Bank of Montreal’s dividend payout ratio (DPR) is currently 44.95%.
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Bank of Montreal Company Profile
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.
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