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

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have earned an average recommendation of “Hold” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$182.75.

A number of research firms have weighed in on BMO. Canaccord Genuity Group boosted their target price on shares of Bank of Montreal from C$192.00 to C$201.00 in a research note on Friday, December 5th. Barclays increased their price objective on Bank of Montreal from C$177.00 to C$181.00 and gave the company an “equal weight” rating in a report on Friday, December 5th. Natl Bk Canada lowered Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Jefferies Financial Group upped their price target on Bank of Montreal from C$181.00 to C$182.00 in a research report on Friday, December 5th. Finally, Raymond James Financial lifted their price objective on Bank of Montreal from C$182.00 to C$183.00 in a report on Monday, December 8th.

Bank of Montreal Price Performance

Shares of TSE:BMO opened at C$178.75 on Friday. Bank of Montreal has a 1 year low of C$121.31 and a 1 year high of C$182.90. The company has a market capitalization of C$130.06 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 0.71 and a beta of 1.39. The business has a fifty day moving average price of C$176.03 and a two-hundred day moving average price of C$167.92.

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

Bank of Montreal Dividend Announcement

The firm also recently announced 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 3.6%. Bank of Montreal’s dividend payout ratio (DPR) is presently 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.