Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO had its target price lifted by Jefferies Financial Group from C$126.00 to C$140.00 in a research note released on Tuesday,BayStreet.CA reports.
Other analysts have also recently issued research reports about the company. TD Securities increased their target price on Bank of Montreal from C$114.00 to C$131.00 in a report on Friday, November 15th. CIBC upgraded shares of Bank of Montreal from a "neutral" rating to an "outperform" rating and upped their target price for the stock from C$134.00 to C$150.00 in a research report on Friday, December 6th. Scotiabank raised Bank of Montreal from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$147.00 to C$160.00 in a research note on Friday, December 6th. 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. Finally, UBS Group cut their target price on shares of Bank of Montreal from C$150.00 to C$146.00 in a report on Friday, February 14th. Five research 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's stock. According to data from MarketBeat.com, Bank of Montreal presently has a consensus rating of "Moderate Buy" and a consensus price target of C$139.50.
Get Our Latest Analysis on Bank of Montreal
Bank of Montreal Price Performance
BMO traded down C$0.03 during trading on Tuesday, reaching C$142.96. 2,861,922 shares of the stock traded hands, compared to its average volume of 3,068,703. The stock's 50-day simple moving average is C$141.58 and its two-hundred day simple moving average is C$130.04. Bank of Montreal has a fifty-two week low of C$109.02 and a fifty-two week high of C$147.54. The stock has a market cap of C$103.55 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16.
Bank of Montreal Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $1.59 per share. The ex-dividend date is Thursday, January 30th. This represents a $6.36 annualized dividend and a yield of 4.45%. This is a boost from Bank of Montreal's previous quarterly dividend of $1.55. Bank of Montreal's dividend payout ratio is currently 61.20%.
Insider Buying and Selling at Bank of Montreal
In other Bank of Montreal 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 transaction of C$1,601,592.91. Company 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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