Bank of Montreal (TSE:BMO) Receives C$143.69 Consensus PT from Brokerages

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have been given an average rating of “Hold” by the fifteen research firms that are covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$143.69.

Several research firms have recently issued reports on BMO. TD Securities raised their price target on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the company a “hold” rating in a research note on Tuesday, March 4th. Canaccord Genuity Group raised their target price on Bank of Montreal from C$154.00 to C$165.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Desjardins upped their price target on Bank of Montreal from C$147.00 to C$155.00 and gave the company a “hold” rating in a research report on Wednesday, February 26th. National Bankshares decreased their price target on 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. Finally, Cibc World Mkts lowered Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th.

Bank of Montreal Trading Up 0.1%

Bank of Montreal stock opened at C$143.75 on Thursday. The stock has a 50-day moving average price of C$134.70 and a two-hundred day moving average price of C$137.75. Bank of Montreal has a 12 month low of C$109.02 and a 12 month high of C$151.08. The company has a market capitalization of C$104.12 billion, a PE ratio of 14.19, a P/E/G ratio of 0.71 and a beta of 1.16.

Bank of Montreal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 27th will be paid a $1.59 dividend. This represents a $6.36 annualized dividend and a yield of 4.42%. The ex-dividend date is Tuesday, April 29th. Bank of Montreal’s dividend payout ratio (DPR) is currently 61.20%.

Insider Transactions at Bank of Montreal

In other news, Senior Officer Nadim Hirji sold 3,238 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$148.87, for a total transaction of C$482,024.87. Insiders own 0.03% of the company’s stock.

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.