Bank of Montreal (TSE:BMO) Receives C$149.31 Average PT from Brokerages

Bank of Montreal (TSE:BMO) (NYSE:BMO) has been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$149.00.

A number of analysts recently commented on BMO shares. Scotiabank dropped their price target on Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Canaccord Genuity Group raised their target price on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Cibc World Mkts raised shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Desjardins increased 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 research note on Wednesday, February 26th. Finally, UBS Group lifted their price objective on Bank of Montreal from C$146.00 to C$160.00 in a research report on Friday, February 28th.

Insider Buying and Selling

In other news, Director William Darryl White sold 11,376 shares of Bank of Montreal stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total value of C$1,601,592.91. Also, Senior Officer Nadim Hirji sold 3,238 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total transaction of C$482,024.87. 0.03% of the stock is owned by company insiders.

Bank of Montreal Price Performance

BMO opened at C$142.60 on Friday. The firm has a market capitalization of C$103.29 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a one year low of C$109.02 and a one year high of C$151.08. The business has a 50 day simple moving average of C$142.73 and a two-hundred day simple moving average of C$132.13.

Bank of Montreal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be paid a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 4.46%. Bank of Montreal’s dividend payout ratio 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.