Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) Director William Darryl White sold 27,167 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of C$225.74, for a total value of C$6,132,678.58. Following the transaction, the director directly owned 87,166 shares in the company, valued at C$19,676,852.84. This trade represents a 23.76% decrease in their ownership of the stock.
Bank of Montreal Trading Up 1.8%
Shares of TSE:BMO opened at C$229.62 on Friday. The stock’s 50-day moving average price is C$207.01 and its 200-day moving average price is C$193.20. Bank of Montreal has a 12-month low of C$143.35 and a 12-month high of C$230.47. The stock has a market capitalization of C$161.86 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 0.71 and a beta of 1.25.
Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) last announced its quarterly earnings data on Wednesday, May 27th. The bank reported C$3.67 earnings per share (EPS) for the quarter. Bank of Montreal had a return on equity of 11.25% and a net margin of 12.63%.The firm had revenue of C$9.57 billion for the quarter. As a group, research analysts predict that Bank of Montreal will post 9.6514585 EPS for the current year.
Bank of Montreal Announces Dividend
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Canadian Imperial Bank of Commerce raised their target price on Bank of Montreal from C$226.00 to C$244.00 and gave the stock an “outperformer” rating in a research note on Thursday, May 28th. Barclays raised their target price on Bank of Montreal from C$199.00 to C$203.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Canaccord Genuity Group raised their target price on Bank of Montreal from C$224.00 to C$230.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Raymond James Financial raised their target price on Bank of Montreal from C$227.00 to C$233.50 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Finally, Jefferies Financial Group raised their target price on Bank of Montreal from C$195.00 to C$196.00 in a research note on Wednesday, May 20th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$223.13.
Read Our Latest Report on Bank of Montreal
About Bank of Montreal
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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