Bank of Montreal (TSE:BMO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have been given an average rating of “Moderate Buy” by the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$149.31.

Several analysts recently weighed in on BMO shares. Scotiabank decreased their price objective on Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. National Bankshares lifted their price objective on Bank of Montreal from C$153.00 to C$161.00 and gave the company an “outperform” rating in a report on Wednesday. Desjardins lifted their price objective on Bank of Montreal from C$147.00 to C$155.00 and gave the company a “hold” rating in a report on Wednesday. Canaccord Genuity Group lifted their price objective on Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. Finally, TD Securities lifted their target price on Bank of Montreal from C$145.00 to C$152.00 and gave the company a “hold” rating in a research note on Wednesday.

Bank of Montreal Price Performance

BMO stock opened at C$148.76 on Friday. The business has a 50-day moving average price of C$142.40 and a 200 day moving average price of C$131.15. The company has a market capitalization of C$107.75 billion, a P/E ratio of 14.68, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$151.08.

Bank of Montreal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be paid a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.28%. Bank of Montreal’s payout ratio is 61.20%.

Insider Transactions at Bank of Montreal

In related news, Director William Darryl White sold 11,376 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of C$140.79, for a total value of C$1,601,592.91. Insiders own 0.03% of the company’s stock.

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.