Bank of Montreal (TSE:BMO) Price Target Raised to C$165.00 at Canaccord Genuity Group

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective increased by Canaccord Genuity Group from C$154.00 to C$165.00 in a report released on Wednesday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the bank’s stock.

Other research analysts also recently issued reports about the company. Desjardins lifted their price target on Bank of Montreal from C$147.00 to C$155.00 and gave the stock a “hold” rating in a research report on Wednesday. Cibc World Mkts raised Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. TD Securities lifted their price target on Bank of Montreal from C$114.00 to C$131.00 in a research report on Friday, November 15th. Royal Bank of Canada raised Bank of Montreal from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$133.00 to C$161.00 in a research report on Wednesday, January 8th. Finally, National Bankshares lifted their price target on Bank of Montreal from C$127.00 to C$148.00 in a research report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Bank of Montreal currently has a consensus rating of “Moderate Buy” and a consensus target price of C$148.23.

Bank of Montreal Stock Performance

Shares of BMO stock opened at C$149.19 on Wednesday. The stock’s 50 day simple moving average is C$142.00 and its 200 day simple moving average is C$130.90. The company has a market capitalization of C$108.06 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$151.08.

Bank of Montreal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be given a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 4.26%. Bank of Montreal’s dividend payout ratio (DPR) is 61.20%.

Insider Buying and Selling at Bank of Montreal

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$140.79, for a total value of C$1,601,592.91. Company 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.