Bank of Montreal (TSE:BMO) Price Target Raised to C$154.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective upped by CIBC from C$150.00 to C$154.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

A number of other analysts have also recently issued reports on the company. National Bankshares boosted their price objective on Bank of Montreal from C$127.00 to C$148.00 in a research report on Wednesday, November 20th. UBS Group reduced their target price on Bank of Montreal from C$150.00 to C$146.00 in a report on Friday, February 14th. Royal Bank of Canada raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$133.00 to C$161.00 in a report on Wednesday, January 8th. Cibc World Mkts raised Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Finally, TD Securities upped their target price on shares of Bank of Montreal from C$114.00 to C$131.00 in a research report on Friday, November 15th. Five 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$139.50.

Bank of Montreal Price Performance

Bank of Montreal stock opened at C$142.99 on Tuesday. Bank of Montreal has a fifty-two week low of C$109.02 and a fifty-two week high of C$147.54. The firm has a fifty day moving average price of C$141.54 and a two-hundred day moving average price of C$129.95. The firm has a market cap of C$103.57 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 0.71 and a beta of 1.16.

Bank of Montreal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $1.59 per share. The ex-dividend date is Thursday, January 30th. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.55. This represents a $6.36 annualized dividend and a yield of 4.45%. Bank of Montreal’s payout ratio is currently 61.20%.

Insider Buying and Selling at Bank of Montreal

In other news, Director William Darryl White sold 11,376 shares of the company’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 value of C$1,601,592.91. Insiders own 0.03% of the company’s stock.

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.