Royal Bank of Canada set a C$163.00 price objective on Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO in a research report report published on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the bank's stock.
BMO has been the subject of a number of other reports. UBS Group upped their target price on shares of Bank of Montreal from C$146.00 to C$160.00 in a report on Friday, February 28th. Scotiabank dropped their price target on shares of Bank of Montreal from C$160.00 to C$159.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Cibc World Mkts upgraded shares of Bank of Montreal from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 6th. Jefferies Financial Group upped their price target on shares of Bank of Montreal from C$140.00 to C$155.00 and gave the stock a "hold" rating in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group upped 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. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Bank of Montreal presently has a consensus rating of "Moderate Buy" and an average target price of C$149.00.
Check Out Our Latest Research Report on BMO
Bank of Montreal Trading Down 1.5 %
BMO stock traded down C$2.11 during midday trading on Monday, reaching C$137.99. 1,729,275 shares of the company's stock traded hands, compared to its average volume of 2,933,284. Bank of Montreal has a 52-week low of C$109.02 and a 52-week high of C$151.08. The stock has a market cap of C$99.95 billion, a P/E ratio of 13.62, a PEG ratio of 0.71 and a beta of 1.16. The stock's 50-day moving average is C$142.73 and its 200 day moving average is C$133.81.
Bank of Montreal Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.61%. Bank of Montreal's dividend payout ratio is 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 on Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total transaction of C$482,024.87. 0.03% of the stock is owned by company insiders.
About Bank of Montreal
(
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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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