Bank of Montreal (BMO) Price Target Raised to C$107.00
BMO has been the subject of several other research reports. Canaccord Genuity upped their price objective on shares of Bank of Montreal from C$99.00 to C$102.00 and gave the company a hold rating in a research note on Wednesday, August 30th. Scotiabank decreased their price objective on shares of Bank of Montreal from C$103.00 to C$101.00 and set an outperform rating for the company in a research note on Wednesday, August 30th. Finally, Barclays PLC upped their price objective on shares of Bank of Montreal from C$98.00 to C$99.00 in a research note on Friday, August 11th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Bank of Montreal has an average rating of Hold and an average price target of C$100.69.
Bank of Montreal (TSE:BMO) opened at C$98.29 on Monday. Bank of Montreal has a 12 month low of C$86.27 and a 12 month high of C$104.15.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $3.60 annualized dividend and a dividend yield of 3.66%. Bank of Montreal’s dividend payout ratio (DPR) is 43.30%.
In other news, insider Joanna Michelle Rotenberg sold 2,000 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of C$94.81, for a total transaction of C$189,620.00. Also, Director Philip Orsino bought 17,800 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were acquired at an average price of C$89.12 per share, with a total value of C$1,586,336.00.
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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