Brokerages Set Bank of Montreal (TSE:BMO) Price Target at C$182.75

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have earned a consensus rating of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$182.75.

A number of equities research analysts have recently commented on BMO shares. Cibc World Mkts raised shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. Bank of America boosted their target price on shares of Bank of Montreal from C$179.00 to C$183.00 in a report on Friday, December 5th. Scotiabank upped their price target on shares of Bank of Montreal from C$179.00 to C$187.00 and gave the company a “sector perform” rating in a research report on Friday, December 5th. Barclays increased their price target on Bank of Montreal from C$177.00 to C$181.00 and gave the stock an “equal weight” rating in a report on Friday, December 5th. Finally, Desjardins boosted their price objective on Bank of Montreal from C$180.00 to C$189.00 and gave the company a “hold” rating in a research note on Thursday, December 18th.

Bank of Montreal Trading Down 0.0%

Shares of BMO stock opened at C$178.40 on Friday. 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 cap of C$129.80 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 0.71 and a beta of 1.39. The stock has a 50-day moving average of C$175.90 and a 200-day moving average of C$167.46.

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

Bank of Montreal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 26th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Thursday, October 30th. Bank of Montreal’s payout ratio 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.