CIBC Trims Bank of Montreal (BMO) Target Price to C$109.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price reduced by CIBC from C$111.00 to C$109.00 in a report issued on Monday.

Several other equities analysts have also issued reports on BMO. Royal Bank of Canada lifted their price target on Bank of Montreal from C$113.00 to C$115.00 in a research report on Wednesday, February 14th. Macquarie raised Bank of Montreal from a neutral rating to an outperform rating and lifted their price target for the stock from C$105.00 to C$107.00 in a research report on Thursday, February 15th. TD Securities lowered their price target on Bank of Montreal from C$115.00 to C$110.00 and set a buy rating for the company in a research report on Wednesday, February 28th. Barclays lowered their price target on Bank of Montreal from C$102.00 to C$101.00 in a research report on Wednesday, February 28th. Finally, Eight Capital lifted their price target on Bank of Montreal from C$106.00 to C$109.00 in a research report on Thursday, March 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Bank of Montreal currently has an average rating of Buy and a consensus target price of C$111.67.

Bank of Montreal opened at C$101.84 on Monday, according to Marketbeat.com. Bank of Montreal has a 1 year low of C$88.63 and a 1 year high of C$105.55.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 28th. Shareholders of record on Wednesday, August 1st will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Tuesday, July 31st.

In other Bank of Montreal news, insider Joanna Michelle Rotenberg sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of C$101.75, for a total value of C$305,250.00. Also, insider Frank J. Techar sold 9,747 shares of the business’s stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of C$78.11, for a total value of C$761,338.17. In the last three months, insiders sold 37,164 shares of company stock valued at $3,536,124.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance products, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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