Bank of Montreal (BMO) Receives Average Recommendation of “Hold” from Analysts

Bank of Montreal (TSE:BMO) (NYSE:BMO) has been assigned an average rating of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$106.58.

A number of research firms recently issued reports on BMO. Eight Capital raised their price target on Bank of Montreal from C$101.00 to C$106.00 in a research note on Wednesday, December 6th. Barclays raised their price target on Bank of Montreal from C$97.00 to C$98.00 in a research note on Wednesday, December 6th. National Bank Financial raised their price target on Bank of Montreal from C$100.00 to C$103.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 6th. Royal Bank of Canada raised their price target on Bank of Montreal from C$108.00 to C$116.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 6th. Finally, CIBC raised their price target on Bank of Montreal from C$100.00 to C$107.00 in a research note on Monday, November 13th.

Bank of Montreal (BMO) opened at C$104.70 on Tuesday. Bank of Montreal has a 1-year low of C$88.63 and a 1-year high of C$105.55. The company has a market capitalization of $67,830.00, a PE ratio of 13.22 and a beta of 0.71.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings data on Tuesday, December 5th. The bank reported C$1.94 EPS for the quarter, missing analysts’ consensus estimates of C$1.99 by C($0.05). Bank of Montreal had a net margin of 25.41% and a return on equity of 13.54%.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.55%. This is a boost from Bank of Montreal’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Wednesday, January 31st. Bank of Montreal’s dividend payout ratio (DPR) is presently 44.95%.

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About Bank of Montreal

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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