Bank of Montreal (TSE:BMO) Receives C$167.83 Consensus Price Target from Analysts

Bank of Montreal (TSE:BMO) (NYSE:BMO) has been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$168.83.

Several research analysts recently weighed in on BMO shares. CIBC upgraded shares of Bank of Montreal from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from C$173.00 to C$180.00 in a research report on Friday, September 5th. TD Securities boosted their target price on Bank of Montreal from C$170.00 to C$182.00 in a research report on Monday. National Bankshares set a C$173.00 price target on Bank of Montreal and gave the company an “outperform” rating in a research note on Monday, September 22nd. Barclays lifted their price objective on Bank of Montreal from C$150.00 to C$157.00 in a research report on Wednesday, August 27th. Finally, Desjardins upped their target price on shares of Bank of Montreal from C$156.00 to C$165.00 and gave the company a “hold” rating in a research report on Wednesday, August 27th.

Insider Buying and Selling

In other Bank of Montreal news, insider Alan Tannenbaum sold 9,824 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of C$175.12, for a total value of C$1,720,408.35. Also, insider Steven Lloyd Tennyson sold 9,072 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of C$163.89, for a total transaction of C$1,486,782.86. Following the sale, the insider owned 21,866 shares of the company’s stock, valued at C$3,583,553.14. The trade was a 29.32% decrease in their position. Over the last ninety days, insiders sold 35,883 shares of company stock worth $5,989,740. Insiders own 0.03% of the company’s stock.

Bank of Montreal Trading Up 1.4%

BMO opened at C$175.73 on Thursday. Bank of Montreal has a 1-year low of C$121.31 and a 1-year high of C$182.90. The stock has a market capitalization of C$125.88 billion, a PE ratio of 15.40, a PEG ratio of 0.71 and a beta of 1.38. The firm has a 50-day moving average price of C$176.82 and a two-hundred day moving average price of C$159.25.

Bank of Montreal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 26th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 3.7%. The ex-dividend date is Thursday, October 30th. Bank of Montreal’s dividend payout ratio is currently 55.74%.

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.