CIBC Lowers Bank of Montreal (TSE:BMO) Price Target to C$152.00

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

Several other analysts have also issued reports on the company. National Bankshares upped their target price on Bank of Montreal from C$153.00 to C$161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Canaccord Genuity Group upped 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 note on Wednesday, February 26th. Desjardins increased their price objective on Bank of Montreal from C$147.00 to C$155.00 and gave the company a “hold” rating in a report on Wednesday, February 26th. Scotiabank lowered their target price on shares of Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, Jefferies Financial Group increased their price target on shares of Bank of Montreal from C$140.00 to C$155.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$149.00.

Bank of Montreal Trading Down 1.1 %

Shares of BMO stock opened at C$142.60 on Wednesday. The firm’s fifty day moving average price is C$142.73 and its two-hundred day moving average price is C$132.13. Bank of Montreal has a 1 year low of C$109.02 and a 1 year high of C$151.08. The firm has a market capitalization of C$103.29 billion, a P/E ratio of 14.08, a PEG ratio of 0.71 and a beta of 1.16.

Bank of Montreal Dividend Announcement

The business 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 yield of 4.46%. Bank of Montreal’s dividend payout ratio is currently 61.20%.

Insider Transactions at Bank of Montreal

In related news, Senior Officer Nadim Hirji sold 3,238 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total value of C$482,024.87. Also, Director William Darryl White sold 11,376 shares of the firm’s stock in a transaction dated 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. 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.