Royal Bank of Canada set a C$163.00 target price on Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO in a report published on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the bank's stock.
A number of other analysts have also weighed in on the stock. 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 research note on Wednesday, February 26th. Canaccord Genuity Group increased their price target on shares of Bank of Montreal from C$143.00 to C$148.00 in a research report on Friday, December 6th. Canaccord Genuity Group increased their price target on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. UBS Group increased their price target on shares of Bank of Montreal from C$146.00 to C$160.00 in a research report on Friday, February 28th. Finally, CIBC decreased their price target on shares of Bank of Montreal from C$156.00 to C$152.00 in a research report on Wednesday, March 5th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$149.00.
Get Our Latest Research Report on Bank of Montreal
Bank of Montreal Trading Up 0.7 %
Shares of TSE BMO traded up C$0.94 during mid-day trading on Monday, reaching C$140.53. The company had a trading volume of 1,513,425 shares, compared to its average volume of 2,988,723. Bank of Montreal has a 52 week low of C$109.02 and a 52 week high of C$151.08. The business's 50-day moving average is C$142.76 and its 200-day moving average is C$133.76. The stock has a market cap of C$101.79 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16.
Bank of Montreal Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 4.53%. Bank of Montreal's payout ratio is currently 61.20%.
Insider Buying and Selling at Bank of Montreal
In other Bank of Montreal news, Senior Officer Nadim Hirji sold 3,238 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$148.87, for a total value of C$482,024.87. 0.03% of the stock is currently owned by insiders.
Bank of Montreal Company Profile
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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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