Bank of Montreal (TSE:BMO) Given New C$180.00 Price Target at Canaccord Genuity Group

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price boosted by Canaccord Genuity Group from C$170.00 to C$180.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the bank’s stock.

Several other research firms also recently weighed in on BMO. Bank of America boosted their target price on Bank of Montreal from C$159.00 to C$176.00 in a research report on Wednesday. Scotiabank raised Bank of Montreal to a “hold” rating in a research report on Thursday, May 15th. Desjardins upped their price objective on Bank of Montreal from C$152.00 to C$156.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th. Barclays upped their price objective on Bank of Montreal from C$150.00 to C$157.00 in a research report on Wednesday. Finally, UBS Group cut their price objective on Bank of Montreal from C$160.00 to C$145.00 in a research report on Thursday, May 22nd. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Bank of Montreal presently has an average rating of “Hold” and a consensus price target of C$166.42.

Bank of Montreal Stock Performance

TSE BMO opened at C$164.22 on Wednesday. The company has a market cap of C$118.95 billion, a P/E ratio of 16.21, a P/E/G ratio of 0.71 and a beta of 1.16. The business’s 50 day moving average price is C$154.44 and its 200-day moving average price is C$144.65. Bank of Montreal has a fifty-two week low of C$109.22 and a fifty-two week high of C$166.59.

Bank of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 26th were issued a $1.63 dividend. The ex-dividend date was Wednesday, July 30th. This represents a $6.52 annualized dividend and a dividend yield of 4.0%. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.59. Bank of Montreal’s dividend payout ratio (DPR) is currently 61.20%.

Insider Buying and Selling at Bank of Montreal

In other Bank of Montreal news, Senior Officer Erminia Johannson sold 4,676 shares of the company’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of C$147.57, for a total value of C$690,023.29. Corporate 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.