Jefferies Financial Group Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective upped by Jefferies Financial Group from C$126.00 to C$140.00 in a research report report published on Tuesday,BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group upped their target price on shares of Bank of Montreal from C$143.00 to C$148.00 in a research note on Friday, December 6th. Cibc World Mkts raised shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Scotiabank raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$147.00 to C$160.00 in a research note on Friday, December 6th. TD Securities upped their price objective on shares of Bank of Montreal from C$114.00 to C$131.00 in a research note on Friday, November 15th. Finally, UBS Group decreased their price objective on shares of Bank of Montreal from C$150.00 to C$146.00 in a research note on Friday, February 14th. Five equities 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$139.58.

Bank of Montreal Stock Up 0.4 %

TSE BMO opened at C$143.78 on Tuesday. The stock has a market cap of C$104.14 billion, a P/E ratio of 14.19, a PEG ratio of 0.71 and a beta of 1.16. The company’s 50-day simple moving average is C$141.47 and its 200 day simple moving average is C$129.53. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$147.54.

Bank of Montreal Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 26th will be given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.42%. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.55. The ex-dividend date of this dividend is Thursday, January 30th. Bank of Montreal’s dividend payout ratio is presently 61.20%.

Insider Transactions at Bank of Montreal

In related 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 owned by company insiders.

Bank of Montreal Company Profile

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.