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

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO has received a consensus recommendation of "Hold" from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$145.92.

Several brokerages have commented on BMO. Desjardins upped their target price on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th. Scotiabank raised shares of Bank of Montreal to a "hold" rating in a research note on Thursday, May 15th. TD Securities upped their target price 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. Royal Bank of Canada set a C$163.00 price target on shares of Bank of Montreal and gave the company an "outperform" rating in a report on Monday, March 17th. Finally, UBS Group reduced their price target on shares of Bank of Montreal from C$160.00 to C$145.00 in a report on Thursday, May 22nd.

Bank of Montreal Trading Up 0.2%

Shares of TSE BMO opened at C$148.29 on Monday. The company has a market cap of C$107.41 billion, a PE ratio of 14.64, a P/E/G ratio of 0.71 and a beta of 1.16. The company has a 50-day moving average of C$136.70 and a two-hundred day moving average of C$139.35. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$151.08.

Bank of Montreal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Wednesday, July 30th will be given a $1.63 dividend. This is a positive change from Bank of Montreal's previous quarterly dividend of $1.59. This represents a $6.52 annualized dividend and a dividend yield of 4.40%. Bank of Montreal's dividend payout ratio is presently 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.

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