Bank of Montreal (TSE:BMO) Price Target Raised to C$140.00 at Jefferies Financial Group

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target upped by Jefferies Financial Group from C$126.00 to C$140.00 in a research note released on Tuesday,BayStreet.CA reports.

BMO has been the subject of several other research reports. Cibc World Mkts raised shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Canaccord Genuity Group raised their price target on shares of Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. UBS Group cut their price objective on shares of Bank of Montreal from C$150.00 to C$146.00 in a report on Friday, February 14th. CIBC upgraded Bank of Montreal from a “neutral” rating to an “outperform” rating and raised their target price for the company from C$134.00 to C$150.00 in a research note on Friday, December 6th. Finally, Scotiabank raised Bank of Montreal from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$147.00 to C$160.00 in a research report on Friday, December 6th. Five 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$139.50.

Bank of Montreal Trading Down 0.5 %

Shares of Bank of Montreal stock opened at C$142.99 on Tuesday. The stock has a market capitalization of C$103.57 billion, a P/E ratio of 14.12, a PEG ratio of 0.71 and a beta of 1.16. The business’s fifty day moving average price is C$141.54 and its 200 day moving average price is C$129.95. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$147.54.

Bank of Montreal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 26th will be issued a $1.59 dividend. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.55. This represents a $6.36 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Thursday, January 30th. Bank of Montreal’s payout ratio is currently 61.20%.

Insider Buying and Selling at Bank of Montreal

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of Bank of Montreal stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total value of C$1,601,592.91. 0.03% of the stock is currently owned by insiders.

About Bank of Montreal

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.