Bank of Montreal (TSE:BMO) Given New C$163.00 Price Target at Royal Bank of Canada

Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO had its price objective increased by Royal Bank of Canada from C$161.00 to C$163.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the bank's stock.

A number of other research firms have also recently weighed in on BMO. CIBC increased their price target on Bank of Montreal from C$150.00 to C$154.00 in a report on Tuesday, February 18th. Desjardins increased their price target on Bank of Montreal from C$147.00 to C$155.00 and gave the stock a "hold" rating in a report on Wednesday. UBS Group lowered their price target on Bank of Montreal from C$150.00 to C$146.00 in a report on Friday, February 14th. Cibc World Mkts upgraded Bank of Montreal from a "hold" rating to a "strong-buy" rating in a report on Friday, December 6th. Finally, National Bankshares raised their target price on Bank of Montreal from C$153.00 to C$161.00 and gave the company an "outperform" rating in a report on Wednesday. Six research 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$149.31.

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Bank of Montreal Stock Performance

Shares of BMO remained flat at C$148.76 during midday trading on Wednesday. The company's stock had a trading volume of 4,409,136 shares, compared to its average volume of 3,190,507. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$151.08. The company has a market capitalization of C$107.75 billion, a PE ratio of 14.68, a PEG ratio of 0.71 and a beta of 1.16. The business has a fifty day simple moving average of C$142.40 and a 200 day simple moving average of C$131.42.

Bank of Montreal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be given a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 4.28%. Bank of Montreal's dividend payout ratio (DPR) is presently 61.20%.

Insider Transactions at Bank of Montreal

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of Bank of Montreal stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of C$140.79, for a total transaction 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.