Bank of Montreal (TSE:BMO) Stock Price Crosses Above Fifty Day Moving Average - Time to Sell?

Key Points

• Technical move: Bank of Montreal shares crossed above their 50-day moving average
• Mixed analyst views: The consensus rating is "Hold" with a price target of C$201.33; analysts recently adjusted targets between C$195 and C$224, with four Buys, five Holds and one Sell.
• Dividend announced: The bank declared a quarterly dividend of $1.67 per share (annualized $6.68) for a 3.3% yield, with an ex-dividend date of Apr 29 and payable May 26.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$192.92 and traded as high as C$201.61. Bank of Montreal shares last traded at C$201.54, with a volume of 2,908,445 shares changing hands.

Analyst Ratings Changes

Several analysts have recently issued reports on BMO shares. Canaccord Genuity Group upped their price objective on Bank of Montreal from C$218.00 to C$224.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. TD Securities upped their price objective on Bank of Montreal from C$209.00 to C$219.00 in a report on Monday, February 9th. Jefferies Financial Group decreased their price objective on Bank of Montreal from C$197.00 to C$195.00 in a report on Thursday, February 26th. Scotiabank upped their price objective on Bank of Montreal from C$191.00 to C$208.00 and gave the stock a "sector perform" rating in a report on Thursday, February 26th. Finally, Desjardins upped their price objective on Bank of Montreal from C$195.00 to C$208.00 and gave the stock a "hold" rating in a report on Thursday, February 26th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Bank of Montreal has an average rating of "Hold" and a consensus price target of C$201.33.

Bank of Montreal Trading Up 0.9%

The firm's 50-day moving average price is C$192.92 and its 200-day moving average price is C$183.99. The stock has a market capitalization of C$142.07 billion, a PE ratio of 16.80, a PEG ratio of 0.71 and a beta of 1.17.

Bank of Montreal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 26th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, April 29th. Bank of Montreal's dividend payout ratio is presently 54.33%.

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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