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

Bank of Montreal (TSE:BMO) (NYSE:BMO) has been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$145.92.

A number of equities research analysts have recently weighed in on the stock. CIBC raised their price target on shares of Bank of Montreal from C$150.00 to C$156.00 and gave the company a “neutral” rating in a research note on Thursday. TD Securities raised 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 Tuesday, March 4th. Canaccord Genuity Group raised their price target on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Cibc World Mkts lowered shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Royal Bank of Canada set a C$163.00 price target on shares of Bank of Montreal and gave the stock an “outperform” rating in a report on Monday, March 17th.

Bank of Montreal Trading Up 0.2%

BMO opened at C$148.29 on Monday. The company’s 50 day moving average is C$136.70 and its 200-day moving average is C$139.35. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$151.08. The company has a market cap of C$107.41 billion, a P/E ratio of 14.64, a PEG ratio of 0.71 and a beta of 1.16.

Bank of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Wednesday, July 30th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.40%. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.59. Bank of Montreal’s payout ratio is 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.