TD Securities Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective hoisted by TD Securities from C$145.00 to C$152.00 in a research note released on Wednesday,BayStreet.CA reports. TD Securities currently has a hold rating on the bank’s stock.

A number of other equities analysts have also recently commented on BMO. UBS Group lowered their price target on Bank of Montreal from C$150.00 to C$146.00 in a report on Friday, February 14th. Canaccord Genuity Group boosted their price objective on Bank of Montreal from C$154.00 to C$165.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$133.00 to C$161.00 in a research report on Wednesday, January 8th. Jefferies Financial Group upped their price target on Bank of Montreal from C$126.00 to C$140.00 in a research report on Tuesday, February 18th. Finally, CIBC upped their price target on Bank of Montreal from C$150.00 to C$154.00 in a research report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$148.23.

Bank of Montreal Trading Up 0.1 %

TSE:BMO opened at C$149.19 on Wednesday. The stock has a market cap of C$108.06 billion, a P/E ratio of 14.73, a PEG ratio of 0.71 and a beta of 1.16. The stock has a 50 day simple moving average of C$142.00 and a 200 day simple moving average of C$130.90. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$151.08.

Bank of Montreal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be paid a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.26%. Bank of Montreal’s dividend payout ratio is 61.20%.

Insider Activity

In related news, Director William Darryl White sold 11,376 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was 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 owned by company 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.