Bank of Montreal (TSE:BMO) Receives C$213.58 Consensus Target Price from Brokerages

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have received an average rating of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$221.04.

BMO has been the subject of several recent research reports. Canaccord Genuity Group boosted their target price on shares of Bank of Montreal from C$224.00 to C$230.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Barclays boosted their target price on shares of Bank of Montreal from C$199.00 to C$203.00 and gave the company an “underweight” rating in a research report on Thursday. Royal Bank Of Canada boosted their target price on shares of Bank of Montreal from C$205.00 to C$230.00 and gave the company a “sector perform” rating in a research report on Thursday. TD boosted their target price on shares of Bank of Montreal from C$234.00 to C$239.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Scotiabank boosted their target price on shares of Bank of Montreal from C$208.00 to C$209.00 and gave the company a “sector perform” rating in a research report on Monday, May 4th.

Bank of Montreal Stock Up 0.4%

Shares of BMO stock opened at C$223.93 on Monday. The company has a 50 day moving average price of C$203.77 and a 200-day moving average price of C$191.61. Bank of Montreal has a 52 week low of C$143.35 and a 52 week high of C$226.19. The firm has a market capitalization of C$157.85 billion, a PE ratio of 18.66, a P/E/G ratio of 0.71 and a beta of 1.25.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings results on Wednesday, May 27th. The bank reported C$3.67 EPS for the quarter. Bank of Montreal had a net margin of 12.63% and a return on equity of 11.25%. The firm had revenue of C$9.57 billion during the quarter. 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 Tuesday, May 26th. Investors of record on Tuesday, May 26th were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.0%. The ex-dividend date was Wednesday, April 29th. Bank of Montreal’s payout ratio is 54.33%.

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.