A number of other analysts have also recently issued reports on the company. National Bank Financial increased their price objective on Bank of Montreal from C$100.00 to C$103.00 and gave the stock a sector perform rating in a report on Wednesday, December 6th. CIBC increased their price objective on Bank of Montreal from C$100.00 to C$107.00 in a report on Monday, November 13th. CSFB increased their price objective on Bank of Montreal from C$103.00 to C$107.00 in a report on Friday, January 19th. Citigroup increased their price objective on Bank of Montreal from C$112.00 to C$116.00 in a report on Monday, December 18th. Finally, Canaccord Genuity increased their price objective on Bank of Montreal from C$103.00 to C$105.00 in a report on Wednesday, December 6th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of C$106.50.
Bank of Montreal (TSE:BMO) opened at C$97.21 on Wednesday. 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 $63,010.00, a price-to-earnings ratio of 12.27 and a beta of 0.67.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 1st will be issued a $0.93 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $3.72 annualized dividend and a dividend yield of 3.83%. This is a boost from Bank of Montreal’s previous quarterly dividend of $0.90. Bank of Montreal’s dividend payout ratio (DPR) is presently 44.95%.
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About Bank of Montreal
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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