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

Key Points

• Analysts give Bank of Montreal a consensus rating of "Hold" — of 10 firms covering the stock there are 1 sell, 5 hold and 4 buy recommendations, with an average 12‑month price target of C$201.33.
• Recent analyst actions are mixed: TD and CIBC raised targets to C$219 and C$211 and Raymond James upgraded to "outperform" (C$214 target), while Barclays cut its rating to "strong sell".
• Bank of Montreal declared a quarterly dividend of $1.67 per share (ex‑dividend Apr 29, payable May 26), equal to a $6.68 annualized payout and roughly a 3.3% yield with a 54.3% payout ratio.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO has been given an average rating of "Hold" by the ten ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$201.33.

Several analysts have recently issued reports on BMO shares. Canadian Imperial Bank of Commerce upped their target price on shares of Bank of Montreal from C$209.00 to C$211.00 in a research note on Thursday, March 5th. TD Securities upped their target price on shares of Bank of Montreal from C$209.00 to C$219.00 in a research note on Monday, February 9th. Barclays lowered shares of Bank of Montreal from an "equal weight" rating to a "strong sell" rating in a research note on Friday, March 20th. Raymond James Financial upgraded shares of Bank of Montreal from a "market perform" rating to an "outperform" rating and increased their price target for the company from C$183.00 to C$214.00 in a research report on Friday, February 13th. Finally, National Bank Financial increased their price target on shares of Bank of Montreal from C$186.00 to C$205.00 and gave the company a "sector perform" rating in a research report on Thursday, February 26th.

Bank of Montreal Price Performance

TSE BMO opened at C$202.99 on Thursday. Bank of Montreal has a 1 year low of C$129.73 and a 1 year high of C$210.73. The firm has a market cap of C$143.09 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 0.71 and a beta of 1.17. The company has a fifty day moving average price of C$196.06 and a 200-day moving average price of C$186.20.

Bank of Montreal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 26th will be given a dividend of $1.67 per share. The ex-dividend date is Wednesday, April 29th. This represents a $6.68 annualized dividend and a yield of 3.3%. Bank of Montreal's dividend payout ratio is presently 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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