Bank of Montreal (TSE:BMO) Given New C$156.00 Price Target at CIBC

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price boosted by CIBC from C$150.00 to C$156.00 in a report published on Thursday morning,BayStreet.CA reports. The brokerage currently has a neutral rating on the bank’s stock.

A number of other equities analysts have also commented on the stock. Cibc World Mkts lowered shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Scotiabank upgraded shares of Bank of Montreal to a “hold” rating in a research note on Thursday, May 15th. UBS Group reduced their price target on shares of Bank of Montreal from C$160.00 to C$145.00 in a research note on Thursday, May 22nd. Royal Bank of Canada set a C$163.00 price objective on shares of Bank of Montreal and gave the company an “outperform” rating in a report on Monday, March 17th. Finally, TD Securities boosted their price target on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the stock a “hold” rating in a research report on Tuesday, March 4th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$145.92.

Bank of Montreal Price Performance

TSE:BMO opened at C$148.29 on Thursday. Bank of Montreal has a one year low of C$109.02 and a one year high of C$151.08. The company has a market cap of C$107.41 billion, a P/E ratio of 14.64, a P/E/G ratio of 0.71 and a beta of 1.16. The firm’s fifty day moving average price is C$136.70 and its two-hundred day moving average price is C$139.30.

Bank of Montreal Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Wednesday, July 30th will be paid a $1.63 dividend. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.59. This represents a $6.52 dividend on an annualized basis and a yield of 4.40%. Bank of Montreal’s payout ratio is presently 61.20%.

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.