UBS Group Lowers Bank of Montreal (TSE:BMO) Price Target to C$146.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target cut by UBS Group from C$150.00 to C$146.00 in a research note published on Friday,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. National Bankshares upped their target price on Bank of Montreal from C$127.00 to C$148.00 in a report on Wednesday, November 20th. Royal Bank of Canada raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$133.00 to C$161.00 in a research note on Wednesday, January 8th. Canaccord Genuity Group increased their target price on shares of Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. CIBC upgraded shares of Bank of Montreal from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$134.00 to C$150.00 in a report on Friday, December 6th. Finally, TD Securities increased their price objective on shares of Bank of Montreal from C$114.00 to C$131.00 in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$137.92.

Bank of Montreal Stock Performance

Bank of Montreal stock opened at C$143.21 on Friday. The company has a market capitalization of C$103.73 billion, a PE ratio of 14.14, a P/E/G ratio of 0.71 and a beta of 1.16. The company has a 50 day moving average price of C$141.53 and a 200-day moving average price of C$129.14. Bank of Montreal has a fifty-two week low of C$109.02 and a fifty-two week high of C$147.54.

Bank of Montreal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 26th will be given a $1.59 dividend. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.55. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.44%. Bank of Montreal’s dividend payout ratio (DPR) is presently 61.20%.

Insider Activity at Bank of Montreal

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of the business’s 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 currently owned by corporate insiders.

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.