Bank of Montreal (TSE:BMO) Price Target Increased to C$123.00 by Analysts at National Bankshares

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective lifted by National Bankshares from C$122.00 to C$123.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the bank’s stock.

A number of other analysts have also issued reports on BMO. Cormark lowered their target price on shares of Bank of Montreal from C$132.00 to C$130.00 and set a buy rating for the company in a research note on Wednesday. Canaccord Genuity Group boosted their price target on Bank of Montreal from C$121.50 to C$130.50 and gave the company a buy rating in a report on Monday, July 24th. Scotiabank lowered their price target on Bank of Montreal from C$151.00 to C$143.00 in a report on Thursday, May 25th. Fundamental Research set a C$144.25 price target on Bank of Montreal and gave the company a buy rating in a report on Tuesday, June 6th. Finally, BMO Capital Markets boosted their price target on Bank of Montreal from C$121.50 to C$130.50 in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Bank of Montreal presently has a consensus rating of Moderate Buy and an average price target of C$133.61.

Bank of Montreal Price Performance

Shares of TSE:BMO opened at C$115.69 on Wednesday. Bank of Montreal has a 1 year low of C$111.18 and a 1 year high of C$137.64. The business has a 50 day simple moving average of C$118.56 and a two-hundred day simple moving average of C$120.32. The firm has a market capitalization of C$82.49 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.49 and a beta of 1.14.

Bank of Montreal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Monday, October 30th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Friday, October 27th. Bank of Montreal’s payout ratio is 58.57%.

Insider Buying and Selling at Bank of Montreal

In other Bank of Montreal news, Director Linda Susan Huber sold 500 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of C$87.56, for a total transaction of C$43,780.00. Insiders own 0.03% of the company’s stock.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers.