Bank of Montreal (TSE:BMO) Price Target Cut to C$152.00 by Analysts at CIBC

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective decreased by CIBC from C$156.00 to C$152.00 in a report published on Wednesday,BayStreet.CA reports.

A number of other brokerages have also commented on BMO. National Bankshares lifted their price objective on Bank of Montreal from C$153.00 to C$161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. TD Securities lifted their price target on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the stock a “hold” rating in a research report on Tuesday. UBS Group boosted their price target on shares of Bank of Montreal from C$146.00 to C$160.00 in a research note on Friday, February 28th. Canaccord Genuity Group raised their price objective on shares of Bank of Montreal from C$143.00 to C$148.00 in a research note on Friday, December 6th. Finally, Jefferies Financial Group upped their target price on shares of Bank of Montreal from C$140.00 to C$155.00 and gave the company a “hold” rating in a research report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Bank of Montreal presently has an average rating of “Moderate Buy” and an average price target of C$149.00.

Bank of Montreal Stock Performance

Shares of BMO opened at C$142.60 on Wednesday. The business’s fifty day moving average price is C$142.73 and its two-hundred day moving average price is C$132.13. The firm has a market capitalization of C$103.29 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 52 week low of C$109.02 and a 52 week high of C$151.08.

Bank of Montreal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be issued a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 4.46%. Bank of Montreal’s dividend payout ratio (DPR) is currently 61.20%.

Insider Activity

In other news, Senior Officer Nadim Hirji sold 3,238 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total transaction of C$482,024.87. Also, Director William Darryl White sold 11,376 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total transaction of C$1,601,592.91. 0.03% of the stock is currently owned by company 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.