Bank of Montreal (TSE:BMO) Receives C$135.92 Average Price Target from Analysts

Bank of Montreal (TSE:BMO) (NYSE:BMO) has been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$135.92.

Several research firms have recently weighed in on BMO. Royal Bank of Canada raised Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$133.00 to C$161.00 in a research report on Wednesday, January 8th. 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 increased their target price on shares of Bank of Montreal from C$127.00 to C$148.00 in a report on Wednesday, November 20th. CIBC upgraded shares of Bank of Montreal from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$134.00 to C$150.00 in a research note on Friday, December 6th. Finally, TD Securities upped their target price on Bank of Montreal from C$114.00 to C$131.00 in a report on Friday, November 15th.

Insider Transactions at Bank of Montreal

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$140.79, for a total value of C$1,601,592.91. 0.03% of the stock is owned by corporate insiders.

Bank of Montreal Price Performance

TSE BMO opened at C$142.67 on Tuesday. Bank of Montreal has a one year low of C$109.02 and a one year high of C$147.54. The firm has a market cap of C$104.06 billion, a P/E ratio of 16.42, a P/E/G ratio of 0.71 and a beta of 1.16. The stock’s 50-day moving average is C$140.62 and its 200-day moving average is C$128.24.

Bank of Montreal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 26th will be given a dividend of $1.59 per share. The ex-dividend date is Thursday, January 30th. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.55. This represents a $6.36 annualized dividend and a yield of 4.46%. Bank of Montreal’s dividend payout ratio (DPR) is 71.35%.

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.