TD Securities Trims Bank of Montreal (TSE:BMO) Target Price to C$135.00

Bank of Montreal (TSE:BMOFree Report) (NYSE:BMO) had its price target decreased by TD Securities from C$142.00 to C$135.00 in a research note published on Thursday, BayStreet.CA reports. TD Securities currently has a buy rating on the bank’s stock.

BMO has been the subject of a number of other research reports. CIBC reduced their price target on Bank of Montreal from C$125.00 to C$120.00 and set a neutral rating for the company in a report on Friday, March 8th. Royal Bank of Canada reduced their price target on Bank of Montreal from C$134.00 to C$130.00 and set an outperform rating for the company in a report on Wednesday, February 28th. Jefferies Financial Group lifted their price target on Bank of Montreal from C$136.00 to C$142.00 in a report on Monday, May 13th. Scotiabank reduced their price target on Bank of Montreal from C$141.00 to C$137.00 and set an outperform rating for the company in a report on Friday, May 17th. Finally, Cormark reduced their price target on Bank of Montreal from C$141.00 to C$133.00 in a report on Thursday. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$132.78.

View Our Latest Stock Report on BMO

Bank of Montreal Price Performance

Shares of TSE BMO opened at C$121.55 on Thursday. The stock has a market capitalization of C$88.18 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 0.54 and a beta of 1.19. The business has a 50-day moving average of C$128.08 and a 200-day moving average of C$125.58. Bank of Montreal has a fifty-two week low of C$102.67 and a fifty-two week high of C$133.95.

Bank of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, July 30th will be given a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.10%. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.51. The ex-dividend date is Tuesday, July 30th. Bank of Montreal’s payout ratio is presently 82.85%.

Insider Activity

In other news, Senior Officer Nadim Hirji sold 2,882 shares of Bank of Montreal stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$130.46, for a total value of C$375,985.72. In other news, Senior Officer Nadim Hirji sold 2,882 shares of Bank of Montreal stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$130.46, for a total value of C$375,985.72. Also, Director Darrel Hackett sold 3,297 shares of Bank of Montreal stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$91.76, for a total transaction of C$302,532.72. 0.03% of the stock is owned by company insiders.

Bank of Montreal Company Profile

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Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.

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Analyst Recommendations for Bank of Montreal (TSE:BMO)

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