CIBC cut shares of Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO from an outperform rating to a neutral rating in a report issued on Friday,BayStreet.CA reports. They currently have C$141.00 price target on the bank's stock, down from their previous price target of C$152.00.
Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group boosted their price target on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. TD Securities increased their target price on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the company a "hold" rating in a research note on Tuesday, March 4th. Canaccord Genuity Group raised their target price on shares of Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. Scotiabank decreased their price target on shares of Bank of Montreal from C$160.00 to C$159.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Finally, Cibc World Mkts upgraded Bank of Montreal from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$146.85.
View Our Latest Stock Report on Bank of Montreal
Bank of Montreal Trading Up 3.8 %
BMO traded up C$4.71 on Friday, reaching C$129.50. The company had a trading volume of 5,333,229 shares, compared to its average volume of 3,153,698. The company has a market capitalization of C$93.80 billion, a P/E ratio of 12.78, a PEG ratio of 0.71 and a beta of 1.16. The company has a fifty day moving average of C$140.36 and a 200-day moving average of C$135.87. Bank of Montreal has a one year low of C$109.02 and a one year high of C$151.08.
Bank of Montreal Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $1.59 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $6.36 annualized dividend and a yield of 4.91%. Bank of Montreal's dividend payout ratio (DPR) is presently 61.20%.
Insider Transactions at Bank of Montreal
In other news, Senior Officer Nadim Hirji sold 3,238 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total value of C$482,024.87. 0.03% of the stock is owned by insiders.
About Bank of Montreal
(
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.
Featured Articles
Before you consider Bank of Montreal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of Montreal wasn't on the list.
While Bank of Montreal currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
