Bank of Montreal (TSE:BMO) Receives Consensus Recommendation of "Hold" from Analysts

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO has received a consensus rating of "Hold" from the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$145.69.

BMO has been the topic of several analyst reports. National Bankshares set a C$144.00 price target on shares of Bank of Montreal and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Barclays lowered shares of Bank of Montreal from a "strong-buy" rating to a "hold" rating and set a C$144.00 price target on the stock. in a research report on Monday, June 9th. Jefferies Financial Group cut their target price on shares of Bank of Montreal from C$155.00 to C$129.00 in a research report on Monday, April 21st. UBS Group cut their target price on shares of Bank of Montreal from C$160.00 to C$145.00 in a research report on Thursday, May 22nd. Finally, Cibc World Mkts lowered shares of Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th.

Insiders Place Their Bets

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

Bank of Montreal Stock Up 1.1%

Shares of TSE:BMO opened at C$154.09 on Friday. The company's 50 day moving average price is C$143.73 and its two-hundred day moving average price is C$140.66. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$154.10. The firm has a market cap of C$111.61 billion, a PE ratio of 15.21, a PEG ratio of 0.71 and a beta of 1.16.

Bank of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 26th will be paid a $1.63 dividend. This is an increase from Bank of Montreal's previous quarterly dividend of $1.59. This represents a $6.52 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Wednesday, July 30th. Bank of Montreal's payout ratio is 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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