Brokerages Set Bank of Montreal (TSE:BMO) Price Target at C$145.92

Shares of Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO have been assigned an average recommendation of "Hold" from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$145.62.

BMO has been the topic of a number of research analyst reports. Royal Bank of Canada dropped their price objective on shares of Bank of Montreal from C$163.00 to C$161.00 and set an "outperform" rating on the stock in a report on Monday. National Bankshares set a C$144.00 price target on Bank of Montreal and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Scotiabank upgraded Bank of Montreal to a "hold" rating in a research note on Thursday, May 15th. Desjardins lifted their target price on Bank of Montreal from C$147.00 to C$155.00 and gave the stock a "hold" rating in a report on Wednesday, February 26th. Finally, CIBC upped their price objective on shares of Bank of Montreal from C$150.00 to C$156.00 and gave the company a "neutral" rating in a report on Thursday, June 5th.

Bank of Montreal Stock Up 0.2%

Shares of BMO traded up C$0.31 during mid-day trading on Monday, hitting C$147.60. 818,954 shares of the company traded hands, compared to its average volume of 3,142,927. The company has a market capitalization of C$106.91 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The business has a 50 day moving average of C$137.52 and a 200 day moving average of C$139.62. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Wednesday, July 30th will be paid a dividend of $1.63 per share. 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 4.42%. Bank of Montreal's dividend payout ratio is presently 61.20%.

Insider Activity

In other news, Senior Officer Erminia Johannson sold 4,676 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of C$147.57, for a total transaction of C$690,023.29. Insiders own 0.03% of the company's stock.

About Bank of Montreal

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.