Bank of Montreal (TSE:BMO) (NYSE:BMO) Director Ron Farmer acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, December 14th. The stock was acquired at an average cost of C$89.35 per share, with a total value of C$89,350.00.
Bank of Montreal stock opened at C$89.90 on Friday. Bank of Montreal has a fifty-two week low of C$89.33 and a fifty-two week high of C$109.00.
Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings data on Tuesday, December 4th. The bank reported C$2.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$2.30 by C$0.02. The company had revenue of C$5.92 billion for the quarter, compared to analysts’ expectations of C$5.74 billion. Equities analysts forecast that Bank of Montreal will post 10.2200005752303 earnings per share for the current year.
Several brokerages have commented on BMO. Royal Bank of Canada raised their price target on shares of Bank of Montreal from C$124.00 to C$126.00 and gave the company an “outperform” rating in a report on Wednesday, August 29th. Barclays cut their price target on shares of Bank of Montreal from C$105.00 to C$103.00 in a report on Wednesday, December 5th. Eight Capital raised their price target on shares of Bank of Montreal from C$119.00 to C$124.00 in a report on Wednesday, August 29th. Canaccord Genuity cut their price target on shares of Bank of Montreal from C$118.00 to C$111.00 in a report on Thursday, November 22nd. Finally, Cormark downgraded shares of Bank of Montreal from a “buy” rating to a “market perform” rating and cut their price target for the company from C$115.00 to C$109.00 in a report on Thursday, December 6th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Bank of Montreal presently has an average rating of “Buy” and a consensus price target of C$111.58.
About Bank of Montreal
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.
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