Bank of Montreal (TSE:BMO) Given New C$152.00 Price Target at TD Securities

Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO had its price target increased by TD Securities from C$145.00 to C$152.00 in a research report report published on Tuesday,BayStreet.CA reports. TD Securities currently has a hold rating on the bank's stock.

Several other equities analysts have also recently commented on BMO. CIBC lifted their target price on shares of Bank of Montreal from C$154.00 to C$156.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. UBS Group boosted their target price on shares of Bank of Montreal from C$146.00 to C$160.00 in a report on Friday, February 28th. Royal Bank of Canada boosted their price target on shares of Bank of Montreal from C$161.00 to C$163.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Desjardins upped their target price on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a "hold" rating in a research report on Wednesday, February 26th. Finally, National Bankshares upped their target price on shares of Bank of Montreal from C$153.00 to C$161.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bank of Montreal currently has a consensus rating of "Moderate Buy" and an average target price of C$149.00.

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Bank of Montreal Stock Up 0.9 %

BMO stock traded up C$1.22 during mid-day trading on Tuesday, reaching C$141.61. 1,536,809 shares of the company traded hands, compared to its average volume of 3,126,726. Bank of Montreal has a fifty-two week low of C$109.02 and a fifty-two week high of C$151.08. The firm's 50 day moving average price is C$142.79 and its 200 day moving average price is C$132.40. The stock has a market cap of C$102.57 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 0.71 and a beta of 1.16.

Bank of Montreal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be paid a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 4.49%. Bank of Montreal's payout ratio is currently 61.20%.

Insider Buying and Selling

In related news, Director William Darryl White sold 11,376 shares of the firm'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. Also, Senior Officer Nadim Hirji sold 3,238 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was 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 insiders.

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.