A number of other equities analysts have also commented on the stock. Canaccord Genuity dropped their price target on shares of Bank of Montreal from C$103.00 to C$99.00 in a research report on Wednesday, November 1st. Scotiabank dropped 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 report on Wednesday, August 30th. Finally, Barclays PLC lifted their price target on shares of Bank of Montreal from C$98.00 to C$99.00 in a research report on Friday, August 11th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of C$100.69.
Bank of Montreal (BMO) opened at C$98.95 on Monday. Bank of Montreal has a 52-week low of C$86.57 and a 52-week high of C$104.15.
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The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Wednesday, November 1st will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Tuesday, October 31st. Bank of Montreal’s dividend payout ratio (DPR) is currently 43.30%.
In other Bank of Montreal news, insider Joanna Michelle Rotenberg sold 2,000 shares of Bank of Montreal stock in a transaction on 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 purchased 17,800 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were acquired at an average price of C$89.12 per share, for a total transaction 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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