Brokerages Set Bank of Montreal (TSE:BMO) PT at C$149.00

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$149.00.

Several research analysts recently commented 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 stock a “buy” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group increased their target price on Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. TD Securities lifted their price objective on Bank of Montreal from C$145.00 to C$152.00 and gave the company a “hold” rating in a report on Tuesday, March 4th. Finally, Jefferies Financial Group increased their target price on shares of Bank of Montreal from C$140.00 to C$155.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th.

Insider Buying and Selling at Bank of Montreal

In other Bank of Montreal news, Senior Officer Nadim Hirji sold 3,238 shares of the company’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 value of C$482,024.87. Company insiders own 0.03% of the company’s stock.

Bank of Montreal Stock Down 1.8 %

BMO stock opened at C$136.44 on Wednesday. The business’s 50-day simple moving average is C$142.42 and its 200 day simple moving average is C$134.72. The company has a market cap of C$98.82 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$151.08.

Bank of Montreal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be given a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.66%. Bank of Montreal’s dividend payout ratio is presently 61.20%.

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.