Bank of Montreal (TSE:BMO) Given Consensus Rating of "Hold" by Analysts

Key Points

• Ten analysts give Bank of Montreal a consensus rating of "Hold" (1 sell, 5 hold, 4 buy) with an average 12‑month target of C$201.33.
• The firm announced a quarterly dividend of C$1.67 (paid May 26; ex‑dividend Apr 29), equal to C$6.68 annually for a yield of 3.5% and a payout ratio of 54.33%.
• Analysts are mixed on the stock—recent notes include Raymond James upgrading to "Outperform" (target C$214) while Barclays cut to "Strong Sell"—and the shares opened at C$189.64 with a 52‑week range of C$121.31–C$204.57.

Shares of Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO have been given a consensus recommendation of "Hold" by the ten analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$201.33.

Several equities analysts have weighed in on the stock. Canadian Imperial Bank of Commerce lifted their price objective on shares of Bank of Montreal from C$209.00 to C$211.00 in a research report on Thursday, March 5th. Royal Bank Of Canada decreased their target price on Bank of Montreal from C$219.00 to C$205.00 and set a "sector perform" rating for the company in a research report on Wednesday, March 25th. Raymond James Financial upgraded Bank of Montreal from a "market perform" rating to an "outperform" rating and lifted their price target for the company from C$183.00 to C$214.00 in a report on Friday, February 13th. Barclays lowered Bank of Montreal from an "equal weight" rating to a "strong sell" rating in a research report on Friday, March 20th. Finally, Scotiabank increased their price objective on Bank of Montreal from C$191.00 to C$208.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 26th.

Bank of Montreal Price Performance

Bank of Montreal stock opened at C$189.64 on Friday. The firm's 50 day simple moving average is C$191.98 and its 200-day simple moving average is C$183.26. The company has a market cap of C$133.68 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 0.71 and a beta of 1.29. Bank of Montreal has a fifty-two week low of C$121.31 and a fifty-two week high of C$204.57.

Bank of Montreal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 26th will be issued a $1.67 dividend. The ex-dividend date is Wednesday, April 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.5%. Bank of Montreal's dividend payout ratio is currently 54.33%.

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.

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