Bank of Montreal (TSE:BMO) Stock Price Expected to Rise, TD Securities Analyst Says

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective increased by TD Securities from C$145.00 to C$152.00 in a research report released on Wednesday morning,BayStreet.CA reports. They currently have a hold rating on the bank’s stock.

Several other equities research analysts have also recently commented on BMO. Scotiabank dropped their target price on Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. National Bankshares boosted their price target on shares of Bank of Montreal from C$127.00 to C$148.00 in a research report on Wednesday, November 20th. Royal Bank of Canada raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$133.00 to C$161.00 in a research note on Wednesday, January 8th. Canaccord Genuity Group raised their target price on shares of Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. Finally, UBS Group dropped their price target on Bank of Montreal from C$150.00 to C$146.00 in a report on Friday, February 14th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Bank of Montreal presently has an average rating of “Moderate Buy” and an average target price of C$149.31.

Bank of Montreal Stock Performance

Bank of Montreal stock opened at C$148.76 on Wednesday. The company’s 50-day moving average price is C$142.40 and its two-hundred day moving average price is C$131.15. The stock has a market cap of C$107.75 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 52 week low of C$109.02 and a 52 week high of C$151.08.

Bank of Montreal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be paid a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a yield of 4.28%. Bank of Montreal’s dividend payout ratio (DPR) is currently 61.20%.

Insider Transactions at Bank of Montreal

In other news, Director William Darryl White sold 11,376 shares of the 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. 0.03% of the stock is currently owned by insiders.

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.