UBS Group Lowers Bank of Montreal (TSE:BMO) Price Target to C$145.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price lowered by UBS Group from C$160.00 to C$145.00 in a report issued on Tuesday morning,BayStreet.CA reports.

BMO has been the subject of a number of other research reports. Canaccord Genuity Group upped their price objective on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Royal Bank of Canada set a C$163.00 target price on shares of Bank of Montreal and gave the company an “outperform” rating in a report on Monday, March 17th. Jefferies Financial Group cut their price target on shares of Bank of Montreal from C$155.00 to C$129.00 in a report on Monday, April 21st. National Bankshares decreased their price objective on Bank of Montreal from C$161.00 to C$144.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Finally, CIBC lowered Bank of Montreal from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$152.00 to C$141.00 in a research report on Friday, April 4th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Bank of Montreal presently has a consensus rating of “Hold” and an average target price of C$143.69.

Bank of Montreal Stock Performance

TSE BMO opened at C$143.65 on Tuesday. The stock’s fifty day moving average is C$134.49 and its two-hundred day moving average is C$137.41. The firm has a market capitalization of C$104.05 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a fifty-two week low of C$109.02 and a fifty-two week high of C$151.08.

Bank of Montreal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 27th will be paid a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Tuesday, April 29th. Bank of Montreal’s payout ratio is 61.20%.

Insider Buying and Selling

In other Bank of Montreal news, Senior Officer Nadim Hirji sold 3,238 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total transaction of C$482,024.87. 0.03% of the stock is 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.