Bank of Montreal (TSE:BMO) Receives C$146.85 Consensus Price Target from Analysts

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have earned a consensus rating of “Hold” from the fifteen analysts that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$144.85.

Several brokerages have recently issued reports on BMO. Jefferies Financial Group decreased their price objective on Bank of Montreal from C$155.00 to C$129.00 in a report on Monday. CIBC downgraded shares of Bank of Montreal from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$152.00 to C$141.00 in a research note on Friday, April 4th. National Bankshares dropped their price objective on shares of Bank of Montreal from C$161.00 to C$144.00 and set an “outperform” rating for the company in a research note on Monday, April 7th. Canaccord Genuity Group increased their price target on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, TD Securities lifted their price target on 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.

Insider Buying and Selling

In other Bank of Montreal news, Senior Officer Nadim Hirji sold 3,238 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total transaction of C$482,024.87. 0.03% of the stock is currently owned by insiders.

Bank of Montreal Trading Up 1.3 %

Shares of BMO stock opened at C$132.32 on Friday. The stock has a market capitalization of C$95.84 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$151.08. The stock’s 50-day moving average price is C$136.87 and its 200-day moving average price is C$136.46.

Bank of Montreal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Tuesday, April 29th. Bank of Montreal’s dividend payout ratio is currently 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.