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

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

BMO has been the subject of a number of other research reports. Canaccord Genuity Group lifted their price objective on shares of Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. National Bankshares lifted their price objective on shares of Bank of Montreal from C$153.00 to C$161.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. CIBC lifted their price objective on shares of Bank of Montreal from C$154.00 to C$156.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Royal Bank of Canada raised their target price 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. Finally, Cibc World Mkts raised shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$149.31.

Bank of Montreal Price Performance

Shares of BMO opened at C$144.18 on Tuesday. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$151.08. The company has a 50-day moving average of C$142.66 and a 200 day moving average of C$131.91. The firm has a market capitalization of C$104.43 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 0.71 and a beta of 1.16.

Bank of Montreal Dividend Announcement

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 4.41%. 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. Also, Senior Officer Nadim Hirji sold 3,238 shares of the business’s 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. Insiders own 0.03% of the company’s stock.

About Bank of Montreal

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.