Brokerages Set Bank of Montreal (TSE:BMO) Target Price at C$201.33

Bank of Montreal (TSE:BMO) (NYSE:BMO) has earned an average recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$201.33.

Several research firms recently commented on BMO. Raymond James Financial upgraded Bank of Montreal from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$183.00 to C$214.00 in a research note on Friday, February 13th. Royal Bank Of Canada dropped their target price on Bank of Montreal from C$219.00 to C$205.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 25th. Barclays lowered Bank of Montreal from an “equal weight” rating to a “strong sell” rating in a research note on Friday, March 20th. Scotiabank upped their price target on Bank of Montreal from C$191.00 to C$208.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 26th. Finally, TD Securities upped their price target on Bank of Montreal from C$209.00 to C$219.00 in a research note on Monday, February 9th.

Bank of Montreal Trading Up 0.6%

Bank of Montreal stock opened at C$192.21 on Friday. The firm has a market capitalization of C$135.49 billion, a P/E ratio of 16.02, a PEG ratio of 0.71 and a beta of 1.17. The stock has a fifty day moving average price of C$192.14 and a 200 day moving average price of C$183.46. Bank of Montreal has a 52 week low of C$121.31 and a 52 week high of C$204.57.

Bank of Montreal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 26th will be paid a dividend of $1.67 per share. The ex-dividend date is Wednesday, April 29th. This represents a $6.68 annualized dividend and a yield of 3.5%. Bank of Montreal’s dividend payout ratio is currently 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.