Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO had its target price raised by TD Securities from C$145.00 to C$152.00 in a research note published on Tuesday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the bank's stock.
BMO has been the subject of a number of other research reports. National Bankshares boosted their target price on 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. Royal Bank of Canada boosted their price objective on Bank of Montreal from C$161.00 to C$163.00 and gave the stock an "outperform" rating in a 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 company a "hold" rating in a research report on Wednesday, February 26th. UBS Group lifted 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, Jefferies Financial Group boosted 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 note on Wednesday, February 26th. 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$149.00.
Read Our Latest Stock Analysis on Bank of Montreal
Bank of Montreal Price Performance
Shares of BMO stock traded down C$1.58 during trading hours on Tuesday, reaching C$142.60. 3,459,331 shares of the company were exchanged, compared to its average volume of 3,173,585. Bank of Montreal has a fifty-two week low of C$109.02 and a fifty-two week high of C$151.08. The stock's fifty day moving average is C$142.73 and its two-hundred day moving average is C$132.13. The company has a market cap of C$103.29 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 0.71 and a beta of 1.16.
Bank of Montreal Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders 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 4.46%. Bank of Montreal's payout ratio is 61.20%.
Insiders Place Their Bets
In other news, Senior Officer Nadim Hirji sold 3,238 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total value of C$482,024.87. Also, Director William Darryl White sold 11,376 shares of the firm's stock in a transaction 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.
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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