Bank of Montreal (TSE:BMO) Price Target Raised to C$270.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target hoisted by Scotia from C$268.00 to C$270.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The brokerage currently has a sector outperform rating on the bank’s stock.

Several other analysts also recently weighed in on BMO. Canadian Imperial Bank of Commerce downgraded shares of Bank of Montreal from an “outperformer” rating to a “hold” rating and lifted their price objective for the company from C$244.00 to C$272.00 in a research report on Wednesday, August 19th. Keefe, Bruyette & Woods set a C$295.00 price target on Bank of Montreal and gave the company a “moderate buy” rating in a report on Friday, August 21st. Scotiabank boosted their price objective on Bank of Montreal from C$234.00 to C$239.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, June 16th. Raymond James Financial increased their price objective on Bank of Montreal from C$233.50 to C$268.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Finally, National Bank Financial set a C$278.00 target price on Bank of Montreal and gave the company a “sector perform” rating in a research report on Monday, August 24th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$257.36.

Bank of Montreal Trading Up 0.2%

Shares of TSE BMO opened at C$239.23 on Wednesday. The company has a market cap of C$166.78 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 0.71 and a beta of 1.22. Bank of Montreal has a 12-month low of C$163.32 and a 12-month high of C$259.20. The stock’s 50 day simple moving average is C$249.80 and its 200 day simple moving average is C$221.15.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings data on Tuesday, August 25th. The bank reported C$2.38 EPS for the quarter. Bank of Montreal had a return on equity of 10.58% and a net margin of 11.75%.The firm had revenue of C$9.90 billion during the quarter. As a group, equities analysts forecast that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

Bank of Montreal Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 26th were given a $1.71 dividend. The ex-dividend date was Thursday, July 30th. This represents a $6.84 dividend on an annualized basis and a yield of 2.9%. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.67. Bank of Montreal’s payout ratio is currently 50.69%.

Insider Activity at Bank of Montreal

In other Bank of Montreal news, Director Tayfun Tuzun sold 20,300 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of C$236.69, for a total transaction of C$4,804,807.00. Also, insider Sharon Marie Haward-Laird sold 4,519 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of C$225.85, for a total transaction of C$1,020,616.15. Insiders sold a total of 76,939 shares of company stock worth $17,898,599 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Key Bank of Montreal News

Here are the key news stories impacting Bank of Montreal this week:

• Positive Sentiment: Analysts raised their price targets for BMO, with Scotia lifting its target to C$270 and Bank of America increasing its target to C$262. RBC and Canaccord Genuity also forecast strong potential appreciation, reinforcing the bullish outlook. Scotia Increases Bank of Montreal Price Target Bank of America Raises Bank of Montreal Price Target Royal Bank of Canada Forecasts Strong Price Appreciation Canaccord Genuity Forecasts Strong Price Appreciation
• Positive Sentiment: BMO’s third-quarter adjusted results were strong: adjusted net income rose 19% to C$2.86 billion and adjusted diluted EPS increased 22% to C$3.96. The performance suggests underlying operations remained resilient despite reported results being affected by the sale of a finance business. Bank of Montreal Adjusted Income and Finance-Business Sale
• Neutral Sentiment: BMO launched a new exchange-traded fund, expanding its investment-product lineup. The announcement may modestly support its asset-management franchise but is unlikely to materially affect near-term earnings. BMO Launches New ETF
• Negative Sentiment: Director Tayfun Tuzun sold a combined 31,935 BMO shares for approximately C$7.56 million at an average price of C$236.69. While insider transactions do not necessarily reflect business prospects, the sizable sale can weigh on investor sentiment.
• Negative Sentiment: Reported third-quarter net income fell 25% year over year to C$1.75 billion, while reported diluted EPS declined 24% to C$2.38. The contrast with adjusted growth highlights the earnings impact of the finance-business sale and creates uncertainty around headline profitability. Bank of Montreal Reported Earnings Decline

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.