Bank of Montreal (TSE:BMO) Price Target Raised to C$271.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price lifted by Canaccord Genuity Group from C$265.00 to C$271.00 in a report issued on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the bank’s stock.

A number of other research analysts also recently weighed in on the company. Barclays raised their price target on Bank of Montreal from C$203.00 to C$240.00 in a research note on Friday, August 21st. Raymond James Financial upped their price objective on 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. Scotiabank increased their price objective on Bank of Montreal from C$234.00 to C$239.00 and gave the company a “sector outperform” rating in a report on Tuesday, June 16th. Royal Bank Of Canada raised their target price on shares of Bank of Montreal from C$230.00 to C$241.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, TD boosted their target price on shares of Bank of Montreal from C$239.00 to C$263.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$257.36.

Bank of Montreal Price Performance

Bank of Montreal stock opened at C$239.23 on Wednesday. The company has a market cap of C$166.78 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 0.71 and a beta of 1.22. The firm has a 50-day moving average of C$249.80 and a 200-day moving average of C$221.15. Bank of Montreal has a one year low of C$163.32 and a one year high of C$259.20.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its earnings results on Tuesday, August 25th. The bank reported C$2.38 earnings per share (EPS) for the quarter. The business had revenue of C$9.90 billion for the quarter. Bank of Montreal had a return on equity of 10.58% and a net margin of 11.75%. As a group, sell-side analysts expect that Bank of Montreal will post 9.6514585 earnings per share for the current year.

Bank of Montreal Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 26th were paid a dividend of $1.71 per share. The ex-dividend date was Thursday, July 30th. This represents a $6.84 annualized dividend and a dividend yield of 2.9%. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.67. Bank of Montreal’s dividend payout ratio is presently 50.69%.

Insiders Place Their Bets

In related news, Director William Darryl White sold 27,167 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$225.74, for a total value of C$6,132,678.58. Following the sale, the director owned 87,166 shares in the company, valued at approximately C$19,676,852.84. This represents a 23.76% decrease in their position. Also, Director Tayfun Tuzun sold 20,300 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of C$236.69, for a total value of C$4,804,807.00. Over the last quarter, insiders have sold 76,939 shares of company stock valued at $17,898,599. 0.03% of the stock is owned by insiders.

Key Headlines Impacting Bank of Montreal

Here are the key news stories impacting Bank of Montreal this week:

• Positive Sentiment: Analysts raised their price targets for BMO, with Scotia lifting its target to C$270 and Bank of America increasing its target to C$262. RBC and Canaccord Genuity also forecast strong potential appreciation, reinforcing the bullish outlook. Scotia Increases Bank of Montreal Price Target Bank of America Raises Bank of Montreal Price Target Royal Bank of Canada Forecasts Strong Price Appreciation Canaccord Genuity Forecasts Strong Price Appreciation
• Positive Sentiment: BMO’s third-quarter adjusted results were strong: adjusted net income rose 19% to C$2.86 billion and adjusted diluted EPS increased 22% to C$3.96. The performance suggests underlying operations remained resilient despite reported results being affected by the sale of a finance business. Bank of Montreal Adjusted Income and Finance-Business Sale
• Neutral Sentiment: BMO launched a new exchange-traded fund, expanding its investment-product lineup. The announcement may modestly support its asset-management franchise but is unlikely to materially affect near-term earnings. BMO Launches New ETF
• Negative Sentiment: Director Tayfun Tuzun sold a combined 31,935 BMO shares for approximately C$7.56 million at an average price of C$236.69. While insider transactions do not necessarily reflect business prospects, the sizable sale can weigh on investor sentiment.
• Negative Sentiment: Reported third-quarter net income fell 25% year over year to C$1.75 billion, while reported diluted EPS declined 24% to C$2.38. The contrast with adjusted growth highlights the earnings impact of the finance-business sale and creates uncertainty around headline profitability. Bank of Montreal Reported Earnings Decline

About Bank of Montreal

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.