Bank of Montreal (BMO) Price Target Increased to C$103.00 by Analysts at CSFB

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective hoisted by CSFB from C$102.00 to C$103.00 in a research report report published on Wednesday morning.

Other analysts also recently issued research reports about the company. Canaccord Genuity boosted their target price on Bank of Montreal from C$103.00 to C$105.00 in a research report on Wednesday. Barclays boosted their target price on Bank of Montreal from C$97.00 to C$98.00 in a research report on Wednesday. Scotiabank dropped their target price on Bank of Montreal from C$103.00 to C$101.00 and set an outperform rating for the company in a research report on Wednesday, August 30th. Finally, CIBC boosted their target price on Bank of Montreal from C$100.00 to C$107.00 in a research report on Monday, November 13th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of C$103.36.

Shares of Bank of Montreal (TSE:BMO) traded down C$0.22 on Wednesday, hitting C$100.44. The stock had a trading volume of 710,204 shares, compared to its average volume of 1,449,682. Bank of Montreal has a 12-month low of C$88.63 and a 12-month high of C$104.15.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 1st will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This is a boost from Bank of Montreal’s previous quarterly dividend of $0.90. This represents a $3.72 annualized dividend and a dividend yield of 3.70%. Bank of Montreal’s payout ratio is 43.30%.

In other news, insider Joanna Michelle Rotenberg sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was 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.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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