Brokerages Set Bank of Montreal (TSE:BMO) PT at C$146.85

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO has been given an average rating of "Hold" by the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$144.85.

Several research analysts have commented on the company. Jefferies Financial Group reduced their price objective on Bank of Montreal from C$155.00 to C$129.00 in a report on Monday. Desjardins boosted their price objective on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a "hold" rating in a research note on Wednesday, February 26th. Royal Bank of Canada set a C$163.00 price target on Bank of Montreal and gave the company an "outperform" rating in a research note on Monday, March 17th. CIBC lowered Bank of Montreal from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from C$152.00 to C$141.00 in a research note on Friday, April 4th. Finally, Scotiabank lowered their target price on shares of Bank of Montreal from C$160.00 to C$159.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th.

Insider Transactions at Bank of Montreal

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

Bank of Montreal Stock Up 0.8 %

BMO stock traded up C$1.01 during trading on Friday, hitting C$131.66. The company had a trading volume of 1,089,841 shares, compared to its average volume of 3,176,329. The firm has a market capitalization of C$95.36 billion, a P/E ratio of 13.00, a PEG ratio of 0.71 and a beta of 1.16. The company has a 50 day simple moving average of C$137.09 and a 200-day simple moving average of C$136.39. Bank of Montreal has a 52-week low of C$109.02 and a 52-week high of C$151.08.

Bank of Montreal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 27th will be given a dividend of $1.59 per share. The ex-dividend date is Tuesday, April 29th. This represents a $6.36 dividend on an annualized basis and a yield of 4.83%. Bank of Montreal's dividend 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.