Bank of Montreal (TSE:BMO) Receives C$145.92 Consensus Target Price from Analysts

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$145.62.

A number of equities analysts have recently issued reports on the company. Barclays cut Bank of Montreal from a “strong-buy” rating to a “hold” rating and set a C$144.00 target price for the company. in a report on Monday. Jefferies Financial Group dropped their target price on Bank of Montreal from C$155.00 to C$129.00 in a report on Monday, April 21st. UBS Group dropped their target price on Bank of Montreal from C$160.00 to C$145.00 in a report on Thursday, May 22nd. Scotiabank raised Bank of Montreal to a “hold” rating in a report on Thursday, May 15th. Finally, Desjardins increased their target price on 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.

Bank of Montreal Stock Down 0.2%

Bank of Montreal stock opened at C$147.29 on Monday. The business has a 50 day moving average price of C$137.52 and a two-hundred day moving average price of C$139.62. The stock has a market cap of C$106.68 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 12 month low of C$109.02 and a 12 month high of C$151.08.

Bank of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Wednesday, July 30th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.43%. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.59. Bank of Montreal’s dividend payout ratio (DPR) is currently 61.20%.

Insider Activity at Bank of Montreal

In other Bank of Montreal news, Senior Officer Erminia Johannson sold 4,676 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of C$147.57, for a total value of C$690,023.29. Insiders own 0.03% of the company’s stock.

About Bank of Montreal

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.