Bank of Montreal (TSE:BMO) (NYSE:BMO) has received a consensus rating of “Buy” from the eleven research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$109.00.
A number of equities research analysts recently weighed in on the stock. CSFB boosted their price target on shares of Bank of Montreal from C$103.00 to C$107.00 in a research note on Friday, January 19th. National Bank Financial boosted their price target on shares of Bank of Montreal from C$103.00 to C$106.00 and gave the stock a “sector perform” rating in a research note on Friday, January 12th. Citigroup boosted their price target on shares of Bank of Montreal from C$112.00 to C$116.00 in a research note on Monday, December 18th. 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 stock a “sector perform” rating in a research note on Wednesday, December 6th. Finally, Scotiabank boosted their price target on shares of Bank of Montreal from C$112.00 to C$114.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 6th.
Bank of Montreal (TSE:BMO) traded down C$0.30 on Wednesday, hitting C$98.41. 1,574,101 shares of the company were exchanged, compared to its average volume of 1,541,438. The company has a market capitalization of $64,350.00, a P/E ratio of 13.80 and a beta of 0.69. Bank of Montreal has a twelve month low of C$88.63 and a twelve month high of C$105.55.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 28th. Investors of record on Tuesday, May 1st will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Monday, April 30th. Bank of Montreal’s dividend payout ratio is currently 50.63%.
In other news, Director Thomas Earl Flynn sold 23,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of C$96.08, for a total value of C$2,209,840.00. Also, insider Joanna Michelle Rotenberg sold 4,400 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of C$98.28, for a total transaction of C$432,432.00. In the last 90 days, insiders have sold 47,400 shares of company stock valued at $4,561,872.
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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.
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