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

Bank of Montreal (TSE:BMO) (NYSE:BMO) has received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$213.58.

Several equities research analysts have weighed in on BMO shares. Jefferies Financial Group increased their price objective on Bank of Montreal from C$195.00 to C$196.00 in a report on Wednesday, May 20th. Raymond James Financial increased their target price on Bank of Montreal from C$214.00 to C$227.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Canaccord Genuity Group increased their target price on Bank of Montreal from C$224.00 to C$230.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. National Bank Financial increased their target price on Bank of Montreal from C$205.00 to C$223.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Finally, Scotiabank increased their target price on Bank of Montreal from C$208.00 to C$209.00 and gave the stock a “sector perform” rating in a research report on Monday, May 4th.

Bank of Montreal Stock Performance

TSE BMO opened at C$222.46 on Monday. Bank of Montreal has a fifty-two week low of C$142.03 and a fifty-two week high of C$222.92. The stock has a 50 day simple moving average of C$200.32 and a two-hundred day simple moving average of C$189.95. The stock has a market cap of C$156.82 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 0.71 and a beta of 1.25.

Bank of Montreal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 26th will be given a $1.67 dividend. The ex-dividend date of this dividend is Wednesday, April 29th. This represents a $6.68 annualized dividend and a dividend yield of 3.0%. Bank of Montreal’s dividend payout ratio is currently 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.