Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$125.42 and traded as high as C$143.78. Bank of Montreal shares last traded at C$143.32, with a volume of 1,560,077 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on BMO shares. Scotiabank raised shares of Bank of Montreal from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$147.00 to C$160.00 in a research report on Friday, December 6th. CIBC upgraded Bank of Montreal from a "neutral" rating to an "outperform" rating and boosted their price target for the company from C$134.00 to C$150.00 in a report on Friday, December 6th. TD Securities increased their price objective on Bank of Montreal from C$114.00 to C$131.00 in a research note on Friday, November 15th. National Bankshares lifted their target price on Bank of Montreal from C$127.00 to C$148.00 in a research report on Wednesday, November 20th. Finally, Canaccord Genuity Group increased their price target on Bank of Montreal from C$143.00 to C$148.00 in a research report on Friday, December 6th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$135.92.
Check Out Our Latest Stock Analysis on BMO
Bank of Montreal Trading Up 0.3 %
The firm has a 50-day moving average of C$137.48 and a 200-day moving average of C$125.55. The stock has a market capitalization of C$104.54 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 0.71 and a beta of 1.16.
Bank of Montreal Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 26th will be given a dividend of $1.59 per share. This is a boost from Bank of Montreal's previous quarterly dividend of $1.55. This represents a $6.36 annualized dividend and a yield of 4.44%. The ex-dividend date is Thursday, January 30th. Bank of Montreal's dividend payout ratio (DPR) is currently 71.35%.
Insiders Place Their Bets
In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of the company's stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total transaction of C$1,601,592.91. Insiders own 0.03% of the company's stock.
Bank of Montreal Company Profile
(
Get Free Report)
Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.
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