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

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target raised by National Bank Financial from C$100.00 to C$103.00 in a research note published on Wednesday morning. National Bank Financial currently has a sector perform rating on the bank’s stock.

Several other equities analysts have also issued reports on BMO. Barclays raised their price objective on Bank of Montreal from C$98.00 to C$99.00 in a report on Friday, August 11th. Canaccord Genuity raised their price target on Bank of Montreal from C$99.00 to C$102.00 and gave the stock a hold rating in a report on Wednesday, August 30th. CIBC lowered their price target on Bank of Montreal from C$101.00 to C$100.00 in a report on Wednesday, August 30th. Scotiabank lowered their price target on Bank of Montreal from C$103.00 to C$101.00 and set an outperform rating on the stock in a report on Wednesday, August 30th. Finally, CSFB raised their price target on Bank of Montreal from C$102.00 to C$103.00 in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Bank of Montreal presently has a consensus rating of Hold and an average price target of C$103.36.

Shares of Bank of Montreal (TSE:BMO) traded down C$0.22 during mid-day trading on Wednesday, hitting C$100.44. The company’s 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 1st will be given a $0.93 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $3.72 dividend on an annualized basis and a yield of 3.70%. This is an increase from Bank of Montreal’s previous quarterly dividend of $0.90. Bank of Montreal’s dividend payout ratio (DPR) is presently 43.30%.

In other news, insider Joanna Michelle Rotenberg sold 2,000 shares of Bank of Montreal stock in a transaction that occurred on 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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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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