Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target hoisted by Royal Bank of Canada from C$115.00 to C$117.00 in a research report released on Wednesday. Royal Bank of Canada currently has a sector perform rating on the bank’s stock.

BMO has been the topic of several other reports. Eight Capital raised their price objective on Bank of Montreal from C$101.00 to C$106.00 in a report on Wednesday, December 6th. Macquarie upgraded Bank of Montreal from a neutral rating to an outperform rating and raised their price objective for the stock from C$105.00 to C$107.00 in a report on Thursday, February 15th. Barclays raised their price objective on Bank of Montreal from C$97.00 to C$98.00 in a report on Wednesday, December 6th. National Bank Financial lifted their price target on Bank of Montreal from C$100.00 to C$103.00 and gave the company a sector perform rating in a report on Wednesday, December 6th. Finally, CIBC lifted their price target on Bank of Montreal from C$100.00 to C$107.00 in a report on Monday, November 13th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Bank of Montreal currently has a consensus rating of Hold and an average price target of C$109.00.

Bank of Montreal (TSE:BMO) opened at C$96.51 on Wednesday. The company has a market capitalization of $62,560.00, a price-to-earnings ratio of 13.54 and a beta of 0.69. Bank of Montreal has a fifty-two week low of C$88.63 and a fifty-two week high of C$105.55.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings data on Tuesday, December 5th. The bank reported C$1.94 EPS for the quarter, missing the consensus estimate of C$1.99 by C($0.05). The firm had revenue of C$5.66 billion for the quarter, compared to analysts’ expectations of C$5.31 billion. Bank of Montreal had a return on equity of 12.00% and a net margin of 21.70%.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 28th. Stockholders of record on Tuesday, May 1st will be issued a $0.93 dividend. The ex-dividend date is Monday, April 30th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.85%. Bank of Montreal’s dividend payout ratio is presently 50.63%.

In other news, Director Thomas Earl Flynn sold 20,000 shares of Bank of Montreal stock in a transaction on Friday, March 2nd. The stock was sold at an average price of C$95.98, for a total value of C$1,919,600.00.

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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.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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