Bank of Montreal (TSE:BMO) Receives C$146.85 Consensus Target Price from Analysts

Shares of Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO have earned a consensus rating of "Hold" from the fifteen research firms that are currently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$144.85.

A number of brokerages have recently weighed in on BMO. CIBC lowered shares of Bank of Montreal from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from C$152.00 to C$141.00 in a report on Friday, April 4th. UBS Group raised their price objective on Bank of Montreal from C$146.00 to C$160.00 in a research note on Friday, February 28th. National Bankshares dropped their target price on Bank of Montreal from C$161.00 to C$144.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Cibc World Mkts cut shares of Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Scotiabank lowered their price objective on Bank of Montreal from C$160.00 to C$159.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th.

Insider Buying and Selling

In related news, Senior Officer Nadim Hirji sold 3,238 shares of the business's stock in a transaction on Monday, March 3rd. The stock was 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 corporate insiders.

Bank of Montreal Stock Down 1.2 %

Shares of BMO traded down C$1.57 during mid-day trading on Friday, hitting C$127.75. 2,334,289 shares of the company traded hands, compared to its average volume of 3,160,658. The company has a market capitalization of C$92.53 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The business has a 50 day moving average of C$137.85 and a 200 day moving average of C$136.34. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$151.08.

Bank of Montreal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 27th will be paid a $1.59 dividend. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.98%. Bank of Montreal's 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.