UBS Group Raises Bank of Montreal (TSE:BMO) Price Target to C$160.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price hoisted by UBS Group from C$146.00 to C$160.00 in a research report report published on Friday morning,BayStreet.CA reports.

Several other equities research analysts have also weighed in on BMO. Desjardins boosted their target price on Bank of Montreal from C$147.00 to C$155.00 and gave the stock a “hold” rating in a report on Wednesday. CIBC boosted their target price on Bank of Montreal from C$154.00 to C$156.00 and gave the stock an “outperform” rating in a report on Wednesday. Canaccord Genuity Group boosted their target price on Bank of Montreal from C$154.00 to C$165.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank of Canada upped their price target on Bank of Montreal from C$161.00 to C$163.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Canaccord Genuity Group upped their price target on Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Bank of Montreal currently has a consensus rating of “Moderate Buy” and an average price target of C$149.31.

Bank of Montreal Stock Performance

BMO opened at C$148.76 on Friday. The business has a 50 day moving average price of C$142.40 and a 200 day moving average price of C$131.15. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$151.08. The firm has a market cap of C$107.75 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16.

Bank of Montreal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.28%. Bank of Montreal’s dividend payout ratio is presently 61.20%.

Insider Activity

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. 0.03% of the stock is currently owned by company insiders.

Bank of Montreal Company Profile

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.