Bank of Montreal (TSE:BMO) Given Average Recommendation of “Moderate Buy” by Brokerages

Bank of Montreal (TSE:BMO) (NYSE:BMO) has earned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on 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 analysts have commented on BMO shares. UBS Group lifted their price objective on shares of Bank of Montreal from C$146.00 to C$160.00 in a research note on Friday, February 28th. Canaccord Genuity Group boosted their target price on shares of 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. Canaccord Genuity Group increased their price target on Bank of Montreal from C$143.00 to C$148.00 in a research report on Friday, December 6th. Cibc World Mkts raised Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Finally, CIBC dropped their target price on Bank of Montreal from C$156.00 to C$152.00 in a report on Wednesday, March 5th.

Insider Buying and Selling

In related news, Senior Officer Nadim Hirji sold 3,238 shares of the business’s stock in a transaction that occurred 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 insiders.

Bank of Montreal Stock Down 1.8 %

Bank of Montreal stock opened at C$136.44 on Wednesday. Bank of Montreal has a 52 week low of C$109.02 and a 52 week high of C$151.08. The stock has a 50-day moving average price of C$142.42 and a 200 day moving average price of C$135.04. The company has a market capitalization of C$98.82 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16.

Bank of Montreal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be paid a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 4.66%. Bank of Montreal’s dividend payout ratio is currently 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.