Bank of Montreal (TSE:BMO) (NYSE:BMO) has been assigned an average rating of “Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$109.00.
BMO has been the subject of several research reports. Royal Bank of Canada upped their target price on Bank of Montreal from C$115.00 to C$117.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 28th. Eight Capital upped their target price on Bank of Montreal from C$106.00 to C$109.00 in a research note on Thursday, March 1st. TD Securities cut their target price on Bank of Montreal from C$115.00 to C$110.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Macquarie raised Bank of Montreal from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$105.00 to C$107.00 in a research note on Thursday, February 15th. Finally, National Bank Financial upped their target price on 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.
Shares of BMO opened at C$96.33 on Friday. Bank of Montreal has a 1 year low of C$88.63 and a 1 year high of C$105.55.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 28th. Stockholders of record on Tuesday, May 1st will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, April 30th.
In other news, insider Frank J. Techar sold 9,747 shares of the stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of C$78.11, for a total transaction of C$761,338.17. Also, Director Thomas Earl Flynn sold 23,000 shares of the 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. In the last three months, insiders have sold 57,147 shares of company stock valued at $5,323,210.
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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.
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