Bank of Montreal (BMO) Price Target Raised to C$107.00 at CIBC

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target raised by CIBC from C$100.00 to C$107.00 in a research note released on Monday.

Other analysts have also recently issued reports about the stock. Canaccord Genuity boosted 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 lowered 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 boosted 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of C$100.69.

Shares of Bank of Montreal (TSE:BMO) traded up C$0.30 during midday trading on Monday, hitting C$98.16. 617,412 shares of the stock traded hands, compared to its average volume of 1,473,000. Bank of Montreal has a one year low of C$85.94 and a one year 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 $0.90 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $3.60 dividend on an annualized basis and a yield of 3.67%. Bank of Montreal’s payout ratio is currently 43.30%.

In related news, Director Philip Orsino bought 17,800 shares of the business’s stock in a transaction dated 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. Also, insider Joanna Michelle Rotenberg sold 4,250 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of C$93.00, for a total transaction of C$395,250.00.

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.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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