Analysts Set Bank of Montreal (TSE:BMO) Price Target at C$183.08

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$183.08.

BMO has been the subject of several research analyst reports. National Bankshares downgraded shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$173.00 to C$181.00 in a research note on Monday, November 17th. Raymond James Financial upped their target price on Bank of Montreal from C$182.00 to C$183.00 in a research report on Monday, December 8th. Canaccord Genuity Group lifted their price target on Bank of Montreal from C$192.00 to C$201.00 in a research report on Friday, December 5th. TD Securities boosted their price objective on Bank of Montreal from C$182.00 to C$184.00 and gave the company a “hold” rating in a research note on Friday, December 5th. Finally, Scotiabank raised their target price on shares of Bank of Montreal from C$187.00 to C$191.00 in a research report on Friday, January 9th.

Bank of Montreal Stock Down 1.3%

BMO stock opened at C$188.62 on Tuesday. The business has a 50 day moving average price of C$179.64 and a 200 day moving average price of C$172.36. The stock has a market cap of C$133.71 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 0.71 and a beta of 1.39. Bank of Montreal has a fifty-two week low of C$121.31 and a fifty-two week high of C$191.51.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings data 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%. As a group, sell-side analysts anticipate that Bank of Montreal will post 9.6514585 EPS for the current year.

Bank of Montreal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders 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 dividend on an annualized basis and a yield of 3.5%. Bank of Montreal’s payout ratio is currently 56.29%.

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.