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

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have earned an average rating of “Hold” from the twelve brokerages that are presently covering the firm, 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 12-month target price among analysts that have covered the stock in the last year is C$183.08.

Several analysts recently issued reports on BMO shares. National Bankshares lowered Bank of Montreal from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from C$173.00 to C$181.00 in a report on Monday, November 17th. Royal Bank Of Canada upped their target price on Bank of Montreal from C$163.00 to C$178.00 in a research report on Friday, December 5th. Natl Bk Canada lowered Bank of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Jefferies Financial Group boosted their price target on Bank of Montreal from C$181.00 to C$182.00 in a research note on Friday, December 5th. Finally, Raymond James Financial raised their price objective on shares of Bank of Montreal from C$182.00 to C$183.00 in a research report on Monday, December 8th.

Bank of Montreal Stock Performance

Shares of BMO opened at C$191.15 on Tuesday. The company has a market capitalization of C$135.51 billion, a PE ratio of 16.71, a PEG ratio of 0.71 and a beta of 1.39. The company’s 50 day moving average price is C$179.35 and its 200 day moving average price is C$171.99. Bank of Montreal has a 52 week low of C$121.31 and a 52 week high of C$191.51.

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

Bank of Montreal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 26th were paid a dividend of $1.63 per share. The ex-dividend date was Thursday, October 30th. This represents a $6.52 annualized dividend and a dividend yield of 3.4%. Bank of Montreal’s dividend payout ratio is 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.