TD Securities Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

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

BMO has been the topic of a number of other reports. Cibc World Mkts raised shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. CIBC increased their target price on shares of Bank of Montreal from C$154.00 to C$156.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. National Bankshares increased their price target 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. Canaccord Genuity Group increased their price target on shares of Bank of Montreal from C$143.00 to C$148.00 in a research note on Friday, December 6th. Finally, Royal Bank of Canada increased their price target on shares of Bank of Montreal from C$161.00 to C$163.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Six 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. According to data from MarketBeat.com, Bank of Montreal presently has a consensus rating of “Moderate Buy” and a consensus price target of C$149.00.

Bank of Montreal Price Performance

TSE BMO opened at C$140.39 on Tuesday. The firm’s fifty day moving average price is C$142.75 and its 200 day moving average price is C$132.19. The company has a market capitalization of C$101.69 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 12 month low of C$109.02 and a 12 month high of C$151.08.

Bank of Montreal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be issued a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 4.53%. Bank of Montreal’s payout ratio is 61.20%.

Insider Activity

In related news, Director William Darryl White sold 11,376 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$140.79, for a total transaction of C$1,601,592.91. Also, Senior Officer Nadim Hirji sold 3,238 shares of the business’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. 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.