Other equities research analysts have also recently issued reports about the company. Barclays PLC boosted their price target on Bank of Montreal from C$98.00 to C$99.00 in a research note on Friday, August 11th. Canaccord Genuity cut their price target on Bank of Montreal from C$103.00 to C$99.00 in a research note on Wednesday, November 1st. Finally, Scotiabank cut their price target on 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. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of C$100.69.
Shares of Bank of Montreal (TSE BMO) traded up C$0.18 during trading hours on Monday, hitting C$99.22. The stock had a trading volume of 1,185,004 shares, compared to its average volume of 1,458,472. Bank of Montreal has a 12 month low of C$88.07 and a 12 month high of C$104.15.
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.90 per share. The ex-dividend date is Tuesday, October 31st. This represents a $3.60 annualized dividend and a yield of 3.63%. Bank of Montreal’s dividend payout ratio is currently 43.30%.
In other news, Director Philip Orsino acquired 17,800 shares of the stock in a transaction on Wednesday, September 6th. The stock was acquired at an average cost of C$89.12 per share, for a total transaction of C$1,586,336.00. Also, insider Joanna Michelle Rotenberg sold 4,250 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of C$93.00, for a total transaction of C$395,250.00.
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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