Bank of Montreal (BMO) Given Average Recommendation of “Hold” by Brokerages
Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$100.38.
BMO has been the subject of a number of analyst reports. CIBC cut their price target on Bank of Montreal from C$101.00 to C$100.00 in a research note on Wednesday, August 30th. Barclays PLC increased their price target on Bank of Montreal from C$98.00 to C$99.00 in a research note on Friday, August 11th. Scotiabank cut their price target on 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, Canaccord Genuity increased their price target on Bank of Montreal from C$99.00 to C$102.00 and gave the stock a “hold” rating in a research note on Wednesday, August 30th.
Shares of Bank of Montreal (TSE BMO) opened at 97.53 on Friday. Bank of Montreal has a 1-year low of $83.58 and a 1-year high of $104.15. The company’s 50-day moving average price is $92.89 and its 200 day moving average price is $94.55. The company has a market cap of $63.30 billion and a price-to-earnings ratio of 12.00.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.69%.
In other Bank of Montreal news, Director Philip Orsino purchased 17,800 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average price of C$89.12 per share, with a total value of C$1,586,336.00. Also, insider Joanna Michelle Rotenberg sold 2,000 shares of the 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.
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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