Bank of Montreal (TSE:BMO) Price Target Raised to C$152.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target hoisted by TD Securities from C$145.00 to C$152.00 in a research report report published on Tuesday,BayStreet.CA reports. They currently have a hold rating on the bank’s stock.

BMO has been the topic of several other reports. National Bankshares boosted their target price on shares of Bank of Montreal from C$153.00 to C$161.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Desjardins upped their price objective on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. CIBC upped their price objective on shares of Bank of Montreal from C$154.00 to C$156.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Cibc World Mkts upgraded shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Finally, UBS Group upped their price objective on shares of Bank of Montreal from C$146.00 to C$160.00 in a report on Friday, February 28th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Bank of Montreal has a consensus rating of “Moderate Buy” and an average target price of C$149.00.

Bank of Montreal Price Performance

TSE:BMO opened at C$140.39 on Tuesday. The firm has a market capitalization of C$101.69 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 0.71 and a beta of 1.16. The company’s 50-day moving average is C$142.75 and its two-hundred day moving average is C$132.19. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$151.08.

Bank of Montreal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be paid a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a yield of 4.53%. Bank of Montreal’s payout ratio is currently 61.20%.

Insider Buying and Selling

In other Bank of Montreal news, Senior Officer Nadim Hirji sold 3,238 shares of the stock in a transaction that occurred 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. Also, Director William Darryl White sold 11,376 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total transaction of C$1,601,592.91. 0.03% of the stock is owned by insiders.

Bank of Montreal Company Profile

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.