Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO had its target price hoisted by UBS Group from C$146.00 to C$160.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.
Other research analysts also recently issued research reports about the stock. Desjardins raised their price target on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a "hold" rating in a research note on Wednesday. Canaccord Genuity Group raised their price target on shares of Bank of Montreal from C$143.00 to C$148.00 in a research note on Friday, December 6th. Royal Bank of Canada raised their price target on shares of Bank of Montreal from C$161.00 to C$163.00 and gave the stock an "outperform" rating in a research note on Wednesday. National Bankshares raised their price target on shares of Bank of Montreal from C$153.00 to C$161.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Canaccord Genuity Group raised their price target on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the stock a "buy" rating in a research note on Wednesday. Six 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. According to MarketBeat.com, Bank of Montreal presently has an average rating of "Moderate Buy" and an average price target of C$149.31.
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Bank of Montreal Stock Performance
Shares of Bank of Montreal stock remained flat at C$148.76 during trading on Friday. 4,409,136 shares of the stock traded hands, compared to its average volume of 3,190,507. The company has a 50 day simple moving average of C$142.40 and a two-hundred day simple moving average of C$131.28. The firm 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. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$151.08.
Bank of Montreal Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be given a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.28%. Bank of Montreal's payout ratio is currently 61.20%.
Insider Transactions at Bank of Montreal
In other news, Director William Darryl White sold 11,376 shares of Bank of Montreal 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. Insiders own 0.03% of the company's stock.
Bank of Montreal Company Profile
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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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