Bank of Montreal (TSE:BMO) Given Consensus Recommendation of “Hold” by Analysts

Bank of Montreal (TSE:BMO) (NYSE:BMO) has been assigned an average recommendation of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$182.75.

A number of equities research analysts have recently commented on BMO shares. Royal Bank Of Canada increased their target price on Bank of Montreal from C$163.00 to C$178.00 in a research note on Friday, December 5th. Jefferies Financial Group raised their price objective on shares of Bank of Montreal from C$181.00 to C$182.00 in a research note on Friday, December 5th. Scotiabank upped their target price on shares of Bank of Montreal from C$179.00 to C$187.00 and gave the stock a “sector perform” rating in a research note on Friday, December 5th. Natl Bk Canada cut shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Finally, CIBC boosted their price objective on shares of Bank of Montreal from C$192.00 to C$199.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th.

Bank of Montreal Stock Performance

Shares of TSE BMO opened at C$178.40 on Friday. The company has a 50 day simple moving average of C$175.83 and a two-hundred day simple moving average of C$166.97. Bank of Montreal has a fifty-two week low of C$121.31 and a fifty-two week high of C$182.90. The company has a market capitalization of C$129.80 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 0.71 and a beta of 1.39.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share for the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%.The company had revenue of C$9.34 billion for the quarter. On average, analysts forecast that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

Bank of Montreal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 26th were paid a $1.63 dividend. The ex-dividend date was Thursday, October 30th. This represents a $6.52 annualized dividend and a dividend yield of 3.7%. Bank of Montreal’s payout ratio is currently 56.29%.

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.