Bank of Montreal (TSE:BMO) (NYSE:BMO) has received an average rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$106.00.
A number of brokerages have recently issued reports on BMO. Barclays lifted their price target on Bank of Montreal from C$97.00 to C$98.00 in a report on Wednesday, December 6th. Scotiabank lifted their price target on Bank of Montreal from C$112.00 to C$114.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th. Canaccord Genuity cut their price target on Bank of Montreal from C$103.00 to C$99.00 in a report on Wednesday, November 1st. Eight Capital lifted their price target on Bank of Montreal from C$101.00 to C$106.00 in a report on Wednesday, December 6th. Finally, CSFB lifted their price target on Bank of Montreal from C$102.00 to C$103.00 in a report on Wednesday, December 6th.
Bank of Montreal (TSE:BMO) opened at C$100.49 on Friday. The company has a market capitalization of $64,990.00, a price-to-earnings ratio of 12.69 and a beta of 0.70. Bank of Montreal has a fifty-two week low of C$88.63 and a fifty-two week high of C$104.15.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.93 per share. The ex-dividend date is Wednesday, January 31st. This represents a $3.72 dividend on an annualized basis and a yield of 3.70%. This is a boost from Bank of Montreal’s previous quarterly dividend of $0.90. Bank of Montreal’s payout ratio is currently 44.95%.
COPYRIGHT VIOLATION NOTICE: “Bank of Montreal (BMO) Given Consensus Recommendation of “Hold” by Brokerages” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://ledgergazette.com/2018/01/13/bank-of-montreal-bmo-given-consensus-recommendation-of-hold-by-brokerages.html.
Bank of Montreal Company Profile
Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.
Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.