Bank of Montreal (TSE:BMO) Receives C$149.31 Consensus Price Target from Brokerages

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$149.31.

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group raised their target price on Bank of Montreal from C$154.00 to C$165.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Desjardins raised their price objective on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. UBS Group boosted their target price on shares of Bank of Montreal from C$146.00 to C$160.00 in a research note on Friday. Cibc World Mkts upgraded shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Finally, TD Securities lifted their price target on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th.

Bank of Montreal Stock Down 0.9 %

BMO stock opened at C$147.47 on Friday. The business has a 50 day moving average of C$142.56 and a 200-day moving average of C$131.68. The firm has a market cap of C$106.81 billion, a PE ratio of 14.56, a P/E/G ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$151.08.

Bank of Montreal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be issued a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a yield of 4.31%. Bank of Montreal’s payout ratio is presently 61.20%.

Insider Activity

In other news, Senior Officer Nadim Hirji sold 3,238 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total value of C$482,024.87. Also, Director William Darryl White sold 11,376 shares of Bank of Montreal stock in a transaction 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. Company insiders own 0.03% of the company’s stock.

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.