Bank of Montreal (TSE:BMO) Given New C$152.00 Price Target at TD Securities

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

Other analysts have also recently issued reports about the stock. UBS Group increased their price objective on shares of Bank of Montreal from C$146.00 to C$160.00 in a research note on Friday, February 28th. 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. National Bankshares increased their price objective on shares of Bank of Montreal from C$153.00 to C$161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Scotiabank reduced their price objective on shares of Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, Royal Bank of Canada raised their target price on shares of Bank of Montreal from C$161.00 to C$163.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$149.31.

Bank of Montreal Price Performance

Shares of TSE BMO opened at C$144.18 on Tuesday. The firm has a fifty day moving average price of C$142.66 and a 200-day moving average price of C$131.91. The stock has a market cap of C$104.43 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 1 year low of C$109.02 and a 1 year high of C$151.08.

Bank of Montreal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be paid a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.41%. Bank of Montreal’s payout ratio is currently 61.20%.

Insiders Place Their Bets

In other news, Director William Darryl White sold 11,376 shares of the firm’s stock in a transaction dated 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. Also, Senior Officer Nadim Hirji sold 3,238 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$148.87, for a total transaction of C$482,024.87. Corporate insiders own 0.03% of the company’s stock.

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.