Bank of Montreal (TSE:BMO) Price Target Lowered to C$129.00 at Jefferies Financial Group

Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO had its target price trimmed by Jefferies Financial Group from C$155.00 to C$129.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Several other research analysts have also recently issued reports on the stock. UBS Group upped their target price on shares of Bank of Montreal from C$146.00 to C$160.00 in a report on Friday, February 28th. Desjardins upped their price objective on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th. Royal Bank of Canada set a C$163.00 price objective on Bank of Montreal and gave the stock an "outperform" rating in a report on Monday, March 17th. Scotiabank reduced their target price on Bank of Montreal from C$160.00 to C$159.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Finally, Cibc World Mkts downgraded Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Bank of Montreal presently has an average rating of "Hold" and an average target price of C$144.85.

Bank of Montreal Price Performance

Shares of BMO traded down C$0.60 during midday trading on Monday, reaching C$131.72. The stock had a trading volume of 7,224,182 shares, compared to its average volume of 3,284,612. The company's fifty day simple moving average is C$136.63 and its two-hundred day simple moving average is C$136.51. The company has a market cap of C$95.41 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$151.08.

Bank of Montreal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 27th will be given a dividend of $1.59 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $6.36 annualized dividend and a dividend yield of 4.83%. Bank of Montreal's payout ratio is 61.20%.

Insiders Place Their Bets

In related news, Senior Officer Nadim Hirji sold 3,238 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$148.87, for a total transaction of C$482,024.87. 0.03% of the stock is currently owned by company insiders.

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.