Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO had its price objective lifted by TD Securities from C$145.00 to C$152.00 in a research note released on Wednesday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the bank's stock.
A number of other brokerages have also recently weighed in on BMO. Jefferies Financial Group lifted their price objective on shares of Bank of Montreal from C$126.00 to C$140.00 in a report on Tuesday, February 18th. National Bankshares lifted their price objective on shares of Bank of Montreal from C$127.00 to C$148.00 in a report on Wednesday, November 20th. Royal Bank of Canada upgraded shares of Bank of Montreal from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from C$133.00 to C$161.00 in a report on Wednesday, January 8th. Scotiabank dropped their price objective on shares of Bank of Montreal from C$160.00 to C$159.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Finally, Canaccord Genuity Group lifted their price objective on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the company a "buy" rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$149.31.
Get Our Latest Stock Report on Bank of Montreal
Bank of Montreal Stock Performance
Shares of BMO remained flat at C$148.76 during trading on Wednesday. 4,409,136 shares of the company's stock were exchanged, compared to its average volume of 3,190,507. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$151.08. The firm has a market cap 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's fifty day moving average is C$142.40 and its 200-day moving average is C$131.42.
Bank of Montreal Dividend Announcement
The company 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 4.28%. Bank of Montreal's dividend payout ratio is currently 61.20%.
Insider Transactions at Bank of Montreal
In other news, Director William Darryl White sold 11,376 shares of the business'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. 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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