Bank of Montreal (TSE:BMO) Receives C$213.58 Consensus PT from Analysts

Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) has received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$221.04.

Several brokerages have recently issued reports on BMO. Jefferies Financial Group upped their target price on shares of Bank of Montreal from C$195.00 to C$196.00 in a report on Wednesday, May 20th. Canaccord Genuity Group lifted their price target on shares of Bank of Montreal from C$224.00 to C$230.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Barclays upped their price objective on shares of Bank of Montreal from C$199.00 to C$203.00 and gave the company an “underweight” rating in a research note on Thursday. TD raised their price objective on Bank of Montreal from C$234.00 to C$239.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Canadian Imperial Bank of Commerce lifted their target price on Bank of Montreal from C$226.00 to C$244.00 and gave the stock an “outperformer” rating in a research report on Thursday.

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Bank of Montreal Stock Performance

TSE:BMO opened at C$223.93 on Monday. The stock has a 50-day simple moving average of C$203.77 and a 200-day simple moving average of C$191.73. The stock has a market cap of C$157.85 billion, a P/E ratio of 17.20, a P/E/G ratio of 0.71 and a beta of 1.25. Bank of Montreal has a 1 year low of C$143.35 and a 1 year high of C$226.19.

Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) last issued its earnings results on Wednesday, May 27th. The bank reported C$3.67 earnings per share for the quarter. The business had revenue of C$9.57 billion for the quarter. Bank of Montreal had a return on equity of 11.25% and a net margin of 12.63%. On average, equities research analysts predict that Bank of Montreal will post 9.6514585 EPS for the current year.

Bank of Montreal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 26th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Wednesday, April 29th. Bank of Montreal’s dividend payout ratio (DPR) is currently 50.69%.

About Bank of Montreal

(Get Free Report)

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.

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