Bank of Montreal (TSE:BMO) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO's share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$136.57 and traded as low as C$131.71. Bank of Montreal shares last traded at C$132.47, with a volume of 2,847,171 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BMO. UBS Group lifted their price target on shares of Bank of Montreal from C$146.00 to C$160.00 in a research note on Friday, February 28th. Royal Bank of Canada set a C$163.00 price objective on shares of Bank of Montreal and gave the stock an "outperform" rating in a research report on Monday, March 17th. TD Securities boosted their price objective on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the stock a "hold" rating in a research report on Tuesday, March 4th. National Bankshares reduced their price objective on shares of Bank of Montreal from C$161.00 to C$144.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Finally, Scotiabank reduced their price objective 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 report on Thursday, February 20th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Bank of Montreal currently has an average rating of "Hold" and an average target price of C$144.85.

Bank of Montreal Trading Up 0.6 %

The business's fifty day moving average price is C$136.41 and its 200 day moving average price is C$136.57. The firm has a market capitalization of C$95.95 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 0.71 and a beta of 1.16.

Bank of Montreal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 27th will be paid a $1.59 dividend. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $6.36 annualized dividend and a yield of 4.80%. Bank of Montreal's dividend payout ratio is currently 61.20%.

Insider Buying and Selling at Bank of Montreal

In other news, Senior Officer Nadim Hirji sold 3,238 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total transaction of C$482,024.87. 0.03% of the stock is currently owned by corporate insiders.

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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