Desjardins Reiterates “C$260.00” Price Target for Bank of Montreal (TSE:BMO)

Desjardins set a C$260.00 price objective on Bank of Montreal (TSE:BMO) (NYSE:BMO) in a research report released on Wednesday,BayStreet reports. The brokerage currently has a hold rating on the bank’s stock.

Several other brokerages also recently commented on BMO. Canaccord Genuity Group increased their price target on Bank of Montreal from C$265.00 to C$271.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Raymond James Financial boosted their price objective on shares of Bank of Montreal from C$233.50 to C$268.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Barclays boosted their price objective on shares of Bank of Montreal from C$203.00 to C$240.00 in a research note on Friday, August 21st. Royal Bank Of Canada upped their price objective on shares of Bank of Montreal from C$230.00 to C$241.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 26th. Finally, Bank of America raised their target price on shares of Bank of Montreal from C$259.00 to C$262.00 in a research note on Wednesday, August 26th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$256.43.

Bank of Montreal Stock Performance

Shares of BMO stock opened at C$247.02 on Wednesday. The stock’s 50 day simple moving average is C$240.17 and its 200 day simple moving average is C$225.08. Bank of Montreal has a twelve month low of C$168.92 and a twelve month high of C$259.20. The company has a market capitalization of C$171.70 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 0.71 and a beta of 1.05.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its earnings results on Tuesday, August 25th. The bank reported C$3.96 earnings per share for the quarter. The firm had revenue of C$9.96 billion during the quarter. Bank of Montreal had a return on equity of 10.58% and a net margin of 11.75%. On average, analysts forecast that Bank of Montreal will post 9.65 EPS for the current fiscal year.

Bank of Montreal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 26th. Investors of record on Thursday, November 26th will be given a dividend of C$1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 30th. Bank of Montreal’s payout ratio is currently 54.44%.

Insider Activity at Bank of Montreal

In related news, Director Tayfun Tuzun sold 20,300 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of C$236.69, for a total transaction of C$4,804,807.00. Also, insider Mona Elizabeth Malone sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of C$242.51, for a total value of C$1,697,570.00. Following the completion of the sale, the insider directly owned 1,758 shares in the company, valued at C$426,332.58. This trade represents a 79.93% decrease in their position. Insiders sold a total of 47,999 shares of company stock worth $11,410,325 in the last 90 days. 0.03% of the stock is owned by company insiders.

About Bank of Montreal

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of July 31, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets, and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly.