Bank of Montreal (TSE:BMO) Given a C$166.00 Price Target by Canaccord Genuity Group Analysts

Canaccord Genuity Group set a C$166.00 target price on Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO in a research report sent to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the bank's stock.

Other equities analysts also recently issued research reports about the stock. CIBC increased their price target on shares of Bank of Montreal from C$150.00 to C$156.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. TD Securities increased their target price on Bank of Montreal from C$145.00 to C$152.00 and gave the stock a "hold" rating in a research report on Tuesday, March 4th. Cibc World Mkts downgraded Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Royal Bank Of Canada cut their price objective on Bank of Montreal from C$163.00 to C$161.00 and set an "outperform" rating on the stock in a report on Monday, June 9th. Finally, Barclays downgraded shares of Bank of Montreal from a "strong-buy" rating to a "hold" rating and set a C$144.00 target price for the company. in a research report on Monday, June 9th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of C$145.69.

Bank of Montreal Stock Up 0.3%

Shares of BMO traded up C$0.45 during trading hours on Tuesday, reaching C$149.32. 1,167,454 shares of the company traded hands, compared to its average volume of 3,015,721. Bank of Montreal has a fifty-two week low of C$109.02 and a fifty-two week high of C$151.08. The stock has a market capitalization of C$108.15 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The stock has a fifty day simple moving average of C$141.58 and a 200 day simple moving average of C$140.32.

Bank of Montreal Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Wednesday, July 30th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.37%. This is a positive change from Bank of Montreal's previous quarterly dividend of $1.59. Bank of Montreal's dividend payout ratio is currently 61.20%.

Insiders Place Their Bets

In related news, Senior Officer Erminia Johannson sold 4,676 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of C$147.57, for a total value of C$690,023.29. 0.03% of the stock is owned by 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.