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.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at

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)

Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with's FREE daily email newsletter.

Leave a Reply