Bank of Montreal (TSE: BMO) according to the average “Buy” rating assigned by analysts
The Bank of Montreal (TSE: BMO) (NYSE: BMO) has been given an average rating of “Buy” by the sixteen research companies that currently cover the company, reports MarketBeat. Six analysts rated the stock with a conservation rating and nine issued a buy rating on the company. The twelve-month average price target among brokers who hedged the security in the past year is C $ 147.81.
Several research analysts recently published reports on the company. BMO Capital Markets raised its target price on Bank of Montreal to C $ 162.00 and assigned the stock a “hold” rating in a research report on Tuesday, December 21. Basic Research raised its price target on the Bank of Montreal from C $ 134.29 to C $ 143.30 and gave the company a “buy” rating in a research report on Tuesday, December 7. TD Securities raised its price target on Bank of Montreal from C $ 150.00 to C $ 155.00 and assigned the company a “buy” rating in a research report on Monday, December 6. Veritas Investment Research reaffirmed a “buy” rating on Bank of Montreal shares in a research report on Tuesday, December 21. Finally, the Royal Bank of Canada upgraded the Bank of Montreal from a “sector performance” rating to an “outperformance” rating and raised its price target for the company from Cdn $ 154.00 to 160.00. $ CA in a research report on Monday, December 27.
Shares of TSE: BMO opened at C $ 139.97 on Thursday. The Bank of Montreal has a 52-week low at C $ 94.90 and a 52-week high at C $ 142.36. The company has a market capitalization of 90.74 billion Canadian dollars and a P / E ratio of 12.09. The stock has a 50-day moving average price of C $ 137.15 and a 200-day moving average price of C $ 130.71.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 28. Shareholders of record on Tuesday, February 1 will receive a dividend of $ 1.33. This is an increase from the Bank of Montreal’s previous quarterly dividend of $ 1.06. This represents a dividend of $ 5.32 on an annualized basis and a dividend yield of 3.80%. The ex-dividend date for this dividend is Monday January 31. Bank of Montreal’s dividend payout ratio (DPR) is 45.94%.
Bank of Montreal Company Profile
Bank of Montreal offers diversified financial services primarily in North America. The Company’s personal banking products and services include chequing and savings accounts, credit cards, mortgages, and financial and investment advisory services; and commercial banking products and services include business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialty banking programs, solutions cash and payment and risk management products for small business and commercial banking customers.
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