Bank of Montreal (TSE:BMO) Price Target Raised to C$147.00 at Scotiabank

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target increased by Scotiabank from C$112.00 to C$147.00 in a research report released on Monday morning,BayStreet.CA reports.

A number of other analysts have also commented on BMO. Jefferies Financial Group reduced their price objective on shares of Bank of Montreal from C$141.00 to C$124.00 and set a “buy” rating for the company in a research note on Monday, August 12th. National Bankshares upped their price target on Bank of Montreal from C$127.00 to C$148.00 in a research note on Wednesday, November 20th. TD Securities boosted their price target on Bank of Montreal from C$114.00 to C$131.00 in a research note on Friday, November 15th. CIBC upped their price target on shares of Bank of Montreal from C$116.00 to C$120.00 in a research report on Friday, September 6th. Finally, Cormark cut their target price on shares of Bank of Montreal from C$129.00 to C$118.00 in a research note on Wednesday, August 28th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Bank of Montreal currently has a consensus rating of “Hold” and an average target price of C$128.50.

Bank of Montreal Trading Up 0.1 %

BMO stock opened at C$133.30 on Monday. The company has a market cap of C$97.23 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 12-month low of C$108.32 and a 12-month high of C$134.16. The stock has a 50-day moving average price of C$127.16 and a two-hundred day moving average price of C$121.41.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings results on Tuesday, August 27th. The bank reported C$2.64 EPS for the quarter, missing the consensus estimate of C$2.72 by C($0.08). The business had revenue of C$8.19 billion during the quarter, compared to analyst estimates of C$8.23 billion. Bank of Montreal had a net margin of 21.20% and a return on equity of 8.49%. Equities analysts forecast that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Bank of Montreal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 26th were issued a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend was Wednesday, October 30th. Bank of Montreal’s dividend payout ratio is presently 71.35%.

Insiders Place Their Bets

In other Bank of Montreal news, Senior Officer Steven Lloyd Tennyson sold 7,908 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of C$112.16, for a total value of C$886,977.10. Also, Senior Officer David Robert Casper sold 12,819 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$121.85, for a total value of C$1,562,007.97. Company insiders own 0.03% of the company’s stock.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.