Bank of Montreal (BMO) PT Raised to C$116.00
Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target upped by Royal Bank Of Canada from C$108.00 to C$116.00 in a report issued 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. CIBC decreased their price target on shares of Bank of Montreal from C$101.00 to C$100.00 in a research note on Wednesday, August 30th. National Bank Financial raised their price target on shares of Bank of Montreal from C$100.00 to C$103.00 and gave the stock a sector perform rating in a research note on Wednesday. Barclays raised their price target on shares of Bank of Montreal from C$98.00 to C$99.00 in a research note on Friday, August 11th. Scotiabank decreased their price target on shares of Bank of Montreal from C$103.00 to C$101.00 and set an outperform rating on the stock in a research note on Wednesday, August 30th. Finally, Canaccord Genuity decreased their price target on shares of Bank of Montreal from C$103.00 to C$99.00 in a research note on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Bank of Montreal has a consensus rating of Hold and an average target price of C$104.58.
Shares of Bank of Montreal (TSE:BMO) opened at C$100.91 on Wednesday. Bank of Montreal has a 12 month low of C$88.63 and a 12 month high of C$104.15.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.93 per share. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.90. This represents a $3.72 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Wednesday, January 31st. Bank of Montreal’s dividend payout ratio is presently 44.44%.
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.
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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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