Jefferies Financial Group Raises Bank of Montreal (TSE:BMO) Price Target to C$155.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target boosted by Jefferies Financial Group from C$140.00 to C$155.00 in a research report released on Wednesday,BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the bank’s stock.

Several other brokerages also recently commented on BMO. Canaccord Genuity Group increased their price objective on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada increased their price target on shares of Bank of Montreal from C$161.00 to C$163.00 and gave the company an “outperform” rating in a report on Wednesday. Desjardins raised their price target on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the company a “hold” rating in a research report on Wednesday. Canaccord Genuity Group upped their price objective on Bank of Montreal from C$143.00 to C$148.00 in a research report on Friday, December 6th. Finally, Cibc World Mkts raised Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Bank of Montreal currently has a consensus rating of “Moderate Buy” and an average price target of C$148.23.

Bank of Montreal Trading Up 0.1 %

TSE BMO opened at C$149.19 on Wednesday. Bank of Montreal has a 12 month low of C$109.02 and a 12 month high of C$151.08. The stock’s fifty day moving average price is C$142.00 and its 200-day moving average price is C$130.90. The stock has a market cap of C$108.06 billion, a P/E ratio of 14.73, a P/E/G ratio of 0.71 and a beta of 1.16.

Bank of Montreal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a yield of 4.26%. Bank of Montreal’s dividend payout ratio (DPR) is presently 61.20%.

Insiders Place Their Bets

In other Bank of Montreal news, Director William Darryl White sold 11,376 shares of the company’s stock in a transaction that occurred 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. 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.