Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO has earned an average rating of "Moderate Buy" from the fourteen analysts that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$135.92.
BMO has been the subject of a number of research reports. TD Securities upped their target price on shares of Bank of Montreal from C$114.00 to C$131.00 in a report on Friday, November 15th. Cibc World Mkts raised shares of Bank of Montreal from a "hold" rating to a "strong-buy" rating in a report on Friday, December 6th. Scotiabank raised shares of Bank of Montreal from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$147.00 to C$160.00 in a report on Friday, December 6th. National Bankshares upped their target price on shares of Bank of Montreal from C$127.00 to C$148.00 in a report on Wednesday, November 20th. Finally, CIBC raised shares of Bank of Montreal from a "neutral" rating to an "outperform" rating and upped their target price for the company from C$134.00 to C$150.00 in a report on Friday, December 6th.
Get Our Latest Stock Analysis on Bank of Montreal
Insider Buying and Selling at Bank of Montreal
In other news, Director William Darryl White sold 11,376 shares of the 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. 0.03% of the stock is currently owned by corporate insiders.
Bank of Montreal Price Performance
Shares of TSE:BMO traded down C$0.98 on Friday, reaching C$140.65. The company's stock had a trading volume of 3,610,032 shares, compared to its average volume of 1,981,135. The stock's 50-day moving average is C$136.06 and its two-hundred day moving average is C$124.63. Bank of Montreal has a 52-week low of C$109.02 and a 52-week high of C$147.54. The stock has a market capitalization of C$102.59 billion, a P/E ratio of 16.19, a PEG ratio of 0.71 and a beta of 1.16.
Bank of Montreal Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Thursday, January 30th will be issued a $1.59 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This is a boost from Bank of Montreal's previous quarterly dividend of $1.55. This represents a $6.36 dividend on an annualized basis and a yield of 4.52%. Bank of Montreal's dividend payout ratio (DPR) is 71.35%.
About Bank of Montreal
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Get Free ReportBank 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.
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