Bank of Montreal (TSE:BMO) Price Target Raised to C$155.00 at Jefferies Financial Group

Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO had its price objective upped by Jefferies Financial Group from C$140.00 to C$155.00 in a research report released on Wednesday morning,BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the bank's stock.

BMO has been the subject of several other research reports. Cibc World Mkts raised Bank of Montreal from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 6th. Canaccord Genuity Group raised their target price on Bank of Montreal from C$154.00 to C$165.00 and gave the company a "buy" rating in a report on Wednesday. TD Securities raised their price target on Bank of Montreal from C$145.00 to C$152.00 and gave the company a "hold" rating in a research report on Wednesday. National Bankshares raised their price target on Bank of Montreal from C$153.00 to C$161.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, CIBC raised their price target on Bank of Montreal from C$154.00 to C$156.00 and gave the company an "outperform" rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bank of Montreal presently has an average rating of "Moderate Buy" and a consensus target price of C$149.31.

Remove Ads

Bank of Montreal Price Performance

Shares of Bank of Montreal stock remained flat at C$148.76 during midday trading on Wednesday. The stock had a trading volume of 4,409,136 shares, compared to its average volume of 3,190,507. The stock has a market cap of C$107.75 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 0.71 and a beta of 1.16. The company's fifty day simple moving average is C$142.40 and its 200-day simple moving average is C$131.42. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be issued a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a yield of 4.28%. Bank of Montreal's dividend payout ratio (DPR) is presently 61.20%.

Insiders Place Their Bets

In other news, Director William Darryl White sold 11,376 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$140.79, for a total value of C$1,601,592.91. Corporate 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.