Bank of Montreal (TSE:BMO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$149.00.

Several brokerages have weighed in on BMO. UBS Group lifted their price objective on Bank of Montreal from C$146.00 to C$160.00 in a report on Friday, February 28th. CIBC dropped their price target on Bank of Montreal from C$156.00 to C$152.00 in a research note on Wednesday, March 5th. TD Securities increased 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 note on Tuesday, March 4th. Jefferies Financial Group boosted their target price on shares of Bank of Montreal from C$140.00 to C$155.00 and gave the company a “hold” rating in a research report on Wednesday, February 26th. Finally, Desjardins upped their price target on shares of 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.

Insider Activity at Bank of Montreal

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

Bank of Montreal Stock Up 0.5 %

TSE BMO opened at C$140.22 on Wednesday. The firm has a 50-day moving average price of C$142.69 and a two-hundred day moving average price of C$134.49. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$151.08. The company has a market capitalization of C$101.56 billion, a P/E ratio of 13.84, a P/E/G ratio of 0.71 and a beta of 1.16.

Bank of Montreal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be issued a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 4.54%. Bank of Montreal’s dividend payout ratio (DPR) is presently 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.