Bank of Montreal (BMO) Price Target Increased to C$114.00 by Analysts at Scotiabank

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target raised by Scotiabank from C$112.00 to C$114.00 in a research note released on Wednesday morning. They currently have an outperform rating on the bank’s stock.

Several other equities analysts also recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Bank of Montreal from C$108.00 to C$116.00 and gave the company a sector perform rating in a report on Wednesday. National Bank Financial boosted their price target on shares of Bank of Montreal from C$100.00 to C$103.00 and gave the company a sector perform rating in a report on Wednesday. Eight Capital boosted their price target on shares of Bank of Montreal from C$101.00 to C$106.00 in a report on Wednesday. CSFB boosted their price target on shares of Bank of Montreal from C$102.00 to C$103.00 in a report on Wednesday. Finally, Canaccord Genuity lifted their price objective on shares of Bank of Montreal from C$103.00 to C$105.00 in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of C$104.58.

Bank of Montreal (TSE BMO) opened at C$100.91 on Wednesday. Bank of Montreal has a 1-year low of C$88.63 and a 1-year high of C$104.15.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 1st will be paid a dividend of $0.93 per share. This is a boost from Bank of Montreal’s previous quarterly dividend of $0.90. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Wednesday, January 31st. Bank of Montreal’s payout ratio is currently 44.44%.

In related news, insider Joanna Michelle Rotenberg sold 2,000 shares of Bank of Montreal stock in a transaction dated Friday, September 29th. The shares were sold at an average price of C$94.81, for a total transaction of C$189,620.00.

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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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