Bank of Montreal (TSE:BMO) Price Target Raised to C$227.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target boosted by Raymond James Financial from C$214.00 to C$227.00 in a report issued on Wednesday,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the bank’s stock.

Other equities research analysts have also issued reports about the stock. TD Securities upped their price target on shares of Bank of Montreal from C$209.00 to C$219.00 in a report on Monday, February 9th. National Bank Financial upped their price target on shares of Bank of Montreal from C$186.00 to C$205.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 26th. TD increased their price objective on shares of Bank of Montreal from C$219.00 to C$234.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Canaccord Genuity Group increased their price objective on shares of Bank of Montreal from C$218.00 to C$224.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Desjardins lifted their price objective on shares of Bank of Montreal from C$208.00 to C$212.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$207.77.

Bank of Montreal Price Performance

Shares of TSE:BMO opened at C$209.94 on Wednesday. The firm has a market capitalization of C$147.99 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 0.71 and a beta of 1.25. The business has a 50 day simple moving average of C$198.10 and a two-hundred day simple moving average of C$188.43. Bank of Montreal has a 1 year low of C$142.03 and a 1 year high of C$212.74.

Bank of Montreal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 26th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, April 29th. Bank of Montreal’s dividend payout ratio is 54.33%.

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.