Bank of Montreal (TSE:BMO) Receives Average Recommendation of "Hold" from Brokerages

Shares of Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO have earned a consensus recommendation of "Hold" from the fifteen brokerages that are currently covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$143.69.

Several research analysts have issued reports on BMO shares. National Bankshares cut their price objective on Bank of Montreal from C$161.00 to C$144.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. TD Securities increased their price objective 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. Desjardins increased their price objective on Bank of Montreal from C$147.00 to C$155.00 and gave the stock a "hold" rating in a research report on Wednesday, February 26th. Jefferies Financial Group cut their price objective on Bank of Montreal from C$155.00 to C$129.00 in a research report on Monday, April 21st. Finally, Royal Bank of Canada set a C$163.00 price objective on Bank of Montreal and gave the stock an "outperform" rating in a research report on Monday, March 17th.

Insider Activity at Bank of Montreal

In other Bank of Montreal news, Senior Officer Nadim Hirji sold 3,238 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$148.87, for a total value of C$482,024.87. Corporate insiders own 0.03% of the company's stock.

Bank of Montreal Trading Up 0.3%

Shares of Bank of Montreal stock traded up C$0.36 during trading hours on Thursday, hitting C$144.11. 2,977,921 shares of the company were exchanged, compared to its average volume of 3,355,089. Bank of Montreal has a 1 year low of C$109.02 and a 1 year high of C$151.08. The business has a 50-day moving average of C$134.84 and a 200-day moving average of C$137.87. The stock has a market capitalization of C$104.38 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 0.71 and a beta of 1.16.

Bank of Montreal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors 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 4.41%. The ex-dividend date of this dividend is Tuesday, April 29th. Bank of Montreal's 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.