Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO had its price target raised by CIBC from C$150.00 to C$156.00 in a research note released on Thursday,BayStreet.CA reports. They currently have a neutral rating on the bank's stock.
Several other research firms also recently weighed in on BMO. Jefferies Financial Group reduced their target price on Bank of Montreal from C$155.00 to C$129.00 in a report on Monday, April 21st. Desjardins boosted their target price on Bank of Montreal from C$147.00 to C$155.00 and gave the company a "hold" rating in a report on Wednesday, February 26th. TD Securities boosted their target price on Bank of Montreal from C$145.00 to C$152.00 and gave the company a "hold" rating in a report on Tuesday, March 4th. Cibc World Mkts downgraded Bank of Montreal from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Royal Bank of Canada set a C$163.00 target price on Bank of Montreal and gave the company an "outperform" rating in a report on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$145.92.
Check Out Our Latest Stock Report on Bank of Montreal
Bank of Montreal Stock Performance
TSE BMO traded up C$0.27 during trading on Thursday, reaching C$148.29. 1,304,241 shares of the company's stock were exchanged, compared to its average volume of 3,225,178. The stock has a market cap of C$107.41 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The company has a 50 day moving average price of C$136.50 and a two-hundred day moving average price of C$139.12. Bank of Montreal has a 1 year low of C$109.02 and a 1 year high of C$151.08.
Bank of Montreal Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Wednesday, July 30th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.40%. This is a boost from Bank of Montreal's previous quarterly dividend of $1.59. Bank of Montreal's payout ratio is 61.20%.
About Bank of Montreal
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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.
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