Bank of Montreal (TSE:BMO) Price Target Raised to C$147.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective boosted by Scotiabank from C$112.00 to C$147.00 in a research note released on Monday,BayStreet.CA reports.

Other analysts also recently issued reports about the company. Cormark decreased their price target on Bank of Montreal from C$129.00 to C$118.00 in a research report on Wednesday, August 28th. Canaccord Genuity Group lifted their target price on Bank of Montreal from C$125.00 to C$143.00 in a research note on Tuesday, November 19th. Jefferies Financial Group cut their price target on shares of Bank of Montreal from C$141.00 to C$124.00 and set a “buy” rating on the stock in a report on Monday, August 12th. TD Securities raised their price objective on shares of Bank of Montreal from C$114.00 to C$131.00 in a report on Friday, November 15th. Finally, Royal Bank of Canada dropped their target price on shares of Bank of Montreal from C$118.00 to C$106.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 28th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$128.50.

Bank of Montreal Price Performance

TSE BMO opened at C$133.21 on Monday. The company has a fifty day moving average price of C$126.86 and a 200-day moving average price of C$121.33. The firm has a market cap of C$97.16 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 1 year low of C$107.16 and a 1 year high of C$134.16.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings data on Tuesday, August 27th. The bank reported C$2.64 EPS for the quarter, missing the consensus estimate of C$2.72 by C($0.08). Bank of Montreal had a net margin of 21.20% and a return on equity of 8.49%. The firm had revenue of C$8.19 billion during the quarter, compared to analysts’ expectations of C$8.23 billion. On average, research analysts anticipate that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Bank of Montreal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 26th were given a dividend of $1.55 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $6.20 annualized dividend and a dividend yield of 4.65%. Bank of Montreal’s dividend payout ratio is currently 71.35%.

Insider Activity

In other Bank of Montreal news, Senior Officer Steven Lloyd Tennyson sold 7,908 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$112.16, for a total value of C$886,977.10. Also, Senior Officer David Robert Casper sold 12,819 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$121.85, for a total transaction of C$1,562,007.97. 0.03% of the stock is owned by company insiders.

Bank of Montreal Company Profile

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.