Bank of Montreal (TSE:BMO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO has been given an average rating of "Moderate Buy" by the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$149.00.

Several equities analysts recently issued reports on BMO shares. Jefferies Financial Group boosted their price target on Bank of Montreal from C$140.00 to C$155.00 and gave the company a "hold" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group upped their price target on Bank of Montreal from C$154.00 to C$165.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Cibc World Mkts upgraded shares of Bank of Montreal from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 6th. National Bankshares upped their price objective on shares of Bank of Montreal from C$153.00 to C$161.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, TD Securities lifted their target price on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the company a "hold" rating in a report on Tuesday, March 4th.

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Insider Activity at Bank of Montreal

In other Bank of Montreal news, Senior Officer Nadim Hirji sold 3,238 shares of the firm's stock in a transaction 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. Company insiders own 0.03% of the company's stock.

Bank of Montreal Price Performance

Shares of BMO traded down C$2.47 during mid-day trading on Wednesday, reaching C$136.44. 3,829,261 shares of the company's stock were exchanged, compared to its average volume of 2,973,129. The business's fifty day simple moving average is C$142.42 and its 200-day simple moving average is C$134.88. The stock has a market capitalization of C$98.82 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 52-week low of C$109.02 and a 52-week high of C$151.08.

Bank of Montreal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be given a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 4.66%. Bank of Montreal's payout ratio is 61.20%.

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.