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

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price reduced by Jefferies Financial Group from C$155.00 to C$129.00 in a research note published on Monday morning,BayStreet.CA reports.

BMO has been the subject of a number of other research reports. Royal Bank of Canada set a C$163.00 target price on shares of Bank of Montreal and gave the stock an “outperform” rating in a research report on Monday, March 17th. Canaccord Genuity Group raised their price target on Bank of Montreal from C$154.00 to C$165.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. UBS Group increased their price objective on Bank of Montreal from C$146.00 to C$160.00 in a report on Friday, February 28th. Desjardins increased their price target on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a “hold” rating in a research note on Wednesday, February 26th. Finally, Scotiabank reduced their price objective on shares of Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$144.85.

Bank of Montreal Trading Down 1.2 %

Shares of TSE BMO opened at C$127.75 on Monday. The firm has a market capitalization of C$92.53 billion, a PE ratio of 12.61, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a one year low of C$109.02 and a one year high of C$151.08. The business has a 50-day moving average price of C$137.59 and a two-hundred day moving average price of C$136.28.

Bank of Montreal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 27th will be paid a $1.59 dividend. This represents a $6.36 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend is Tuesday, April 29th. Bank of Montreal’s dividend payout ratio is 61.20%.

Insider Buying and Selling at Bank of Montreal

In other Bank of Montreal news, Senior Officer Nadim Hirji sold 3,238 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$148.87, for a total value of C$482,024.87. Company insiders own 0.03% of the company’s stock.

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.