Shares of Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$154.47 and last traded at C$152.96, with a volume of 2991106 shares trading hands. The stock had previously closed at C$153.80.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on BMO shares. Jefferies Financial Group cut their target price on Bank of Montreal from C$155.00 to C$129.00 in a research note on Monday, April 21st. CIBC raised their price target on Bank of Montreal from C$150.00 to C$156.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Royal Bank Of Canada lowered their price target on Bank of Montreal from C$163.00 to C$161.00 and set an "outperform" rating on the stock in a report on Monday, June 9th. UBS Group lowered their price target on Bank of Montreal from C$160.00 to C$145.00 in a report on Thursday, May 22nd. Finally, Scotiabank raised Bank of Montreal to a "hold" rating in a report on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$145.69.
Check Out Our Latest Research Report on BMO
Bank of Montreal Trading Up 0.8%
The firm has a market cap of C$111.69 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The stock has a 50-day moving average of C$144.59 and a two-hundred day moving average of C$140.88.
Bank of Montreal Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 26th will be given a $1.63 dividend. This is a positive change from Bank of Montreal's previous quarterly dividend of $1.59. The ex-dividend date is Wednesday, July 30th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.23%. Bank of Montreal's dividend payout ratio (DPR) is 61.20%.
Insider Buying and Selling at Bank of Montreal
In other Bank of Montreal news, Senior Officer Erminia Johannson sold 4,676 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of C$147.57, for a total transaction of C$690,023.29. 0.03% of the stock is owned by company 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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.