Royal Bank of Canada Confirms C$163.00 Price Target for Bank of Montreal

On March 18, 2025, the Royal Bank of Canada announced a price target of C$163.00 for Bank of Montreal (TSE:BMO, NYSE:BMO). The investment firm currently holds an outperform rating on BMO's shares.

Bank of Montreal has garnered attention from multiple brokerage firms recently. CIBC lowered its price target from C$156.00 to C$152.00 on March 5. Meanwhile, Desjardins increased its target from C$147.00 to C$155.00 and maintained a hold rating on February 26. Scotiabank also adjusted its target price down from C$160.00 to C$159.00 with an outperform rating on February 20. Additionally, CIBC World Markets upgraded Bank of Montreal from a hold rating to a strong buy rating on December 6. Moreover, Canaccord Genuity raised its price target from C$154.00 to C$165.00, giving BMO a buy rating.

Currently, six investment analysts advise holding the stock, eight suggest buying, and one recommends a strong buy. According to MarketBeat.com, the overall average rating for the stock is "Moderate Buy," with an average price target of C$149.00.

Bank of Montreal Stock Performance

BMO's shares opened at C$140.04 on the morning of the announcement. The bank holds a market capitalization of C$101.43 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 0.71, and a beta of 1.16. The stock's 50-day moving average stands at C$142.77, while the 200-day moving average is C$133.46. BMO's shares have fluctuated between a low of C$109.02 and a high of C$151.08 over the past year.

Dividend Announcement

In addition to pricing updates, Bank of Montreal announced a quarterly dividend scheduled for payment on May 27. Shareholders who are on the record by April 29 will receive a dividend payment of C$1.59 per share. This reflects an annualized dividend of C$6.36 and a yield of 4.54%. The current dividend payout ratio is 61.20%.

Insider Transactions

In recent corporate news, Senior Officer Nadim Hirji sold 3,238 shares of Bank of Montreal on March 3 at an average price of C$148.87, totaling approximately C$482,024.87. Corporate insiders hold a mere 0.03% stake in the company.

About Bank of Montreal

Bank of Montreal is a prominent North American financial services firm, operating through four main segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.

Banking, Investment, Analysts