Bank of Montreal (TSE:BMO) Given a C$166.00 Price Target by Canaccord Genuity Group Analysts

Canaccord Genuity Group set a C$166.00 price target on Bank of Montreal (TSE:BMO) (NYSE:BMO) in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the bank’s stock.

Several other brokerages have also recently weighed in on BMO. Desjardins lifted 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. Royal Bank Of Canada decreased their price target on Bank of Montreal from C$163.00 to C$161.00 and set an “outperform” rating on the stock in a research report on Monday, June 9th. National Bankshares set a C$144.00 price target on Bank of Montreal and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Jefferies Financial Group reduced their price objective on shares of Bank of Montreal from C$155.00 to C$129.00 in a research note on Monday, April 21st. Finally, Barclays lowered shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating and set a C$144.00 target price on the stock. in a report on Monday, June 9th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Bank of Montreal presently has a consensus rating of “Hold” and an average target price of C$145.69.

Bank of Montreal Trading Up 1.7%

Shares of BMO stock opened at C$148.87 on Tuesday. The stock has a market cap of C$107.83 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 1 year low of C$109.02 and a 1 year high of C$151.08. The stock has a 50 day simple moving average of C$141.58 and a 200 day simple moving average of C$140.32.

Bank of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Wednesday, July 30th will be paid a $1.63 dividend. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.59. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.38%. Bank of Montreal’s dividend payout ratio (DPR) is presently 61.20%.

Insider Activity at Bank of Montreal

In other news, Senior Officer Erminia Johannson sold 4,676 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of C$147.57, for a total value of C$690,023.29. 0.03% of the stock is currently owned by insiders.

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.