Bank of Montreal (TSE:BMO) Receives Average Rating of “Hold” from Analysts

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have been given an average rating of “Hold” by the eleven research firms that are covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$173.54.

Several equities analysts have recently issued reports on BMO shares. Cibc World Mkts raised Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. Royal Bank Of Canada cut Bank of Montreal from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$168.00 to C$163.00 in a report on Friday, October 3rd. National Bankshares downgraded shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$173.00 to C$181.00 in a research report on Monday, November 17th. Raymond James Financial set a C$182.00 target price on shares of Bank of Montreal and gave the company a “market perform” rating in a research note on Tuesday, November 25th. Finally, Jefferies Financial Group lifted their price target on shares of Bank of Montreal from C$173.00 to C$181.00 and gave the stock a “hold” rating in a research report on Tuesday, November 25th.

Bank of Montreal Stock Performance

TSE:BMO opened at C$176.91 on Monday. The company has a market cap of C$126.72 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 0.71 and a beta of 1.38. The stock’s fifty day moving average price is C$176.34 and its two-hundred day moving average price is C$162.94. Bank of Montreal has a 52-week low of C$121.31 and a 52-week high of C$182.90.

Bank of Montreal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 26th were paid a $1.63 dividend. The ex-dividend date of this dividend was Thursday, October 30th. This represents a $6.52 dividend on an annualized basis and a yield of 3.7%. Bank of Montreal’s dividend payout ratio (DPR) is presently 55.74%.

Insider Activity at Bank of Montreal

In other Bank of Montreal news, insider Alan Tannenbaum sold 9,824 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of C$175.12, for a total transaction of C$1,720,408.35. Insiders own 0.03% of the company’s stock.

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.