Analysts Set Bank of Montreal (TSE:BMO) PT at C$132.39

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$132.39.

BMO has been the topic of a number of analyst reports. CIBC cut their price target on Bank of Montreal from C$125.00 to C$120.00 and set a “neutral” rating on the stock in a report on Friday, March 8th. Canaccord Genuity Group decreased their target price on shares of Bank of Montreal from C$137.00 to C$136.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Royal Bank of Canada dropped their target price on shares of Bank of Montreal from C$134.00 to C$130.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Desjardins cut their price objective on shares of Bank of Montreal from C$135.00 to C$133.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Finally, Jefferies Financial Group reduced their price target on shares of Bank of Montreal from C$144.00 to C$136.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th.

Insider Activity at Bank of Montreal

In other Bank of Montreal news, Senior Officer Nadim Hirji sold 2,882 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$130.46, for a total value of C$375,985.72. In related news, Senior Officer Nadim Hirji sold 2,882 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of C$130.46, for a total value of C$375,985.72. Also, Director Darrel Hackett sold 3,297 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of C$91.76, for a total value of C$302,532.72. 0.03% of the stock is currently owned by company insiders.

Bank of Montreal Trading Down 0.7 %

Shares of TSE:BMO opened at C$126.32 on Friday. The firm’s 50-day moving average is C$127.61 and its 200 day moving average is C$123.03. The company has a market capitalization of C$91.64 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 0.54 and a beta of 1.18. Bank of Montreal has a 12 month low of C$102.67 and a 12 month high of C$133.95.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings data on Tuesday, February 27th. The bank reported C$2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of C$3.03 by C($0.47). The company had revenue of C$7.67 billion during the quarter, compared to analysts’ expectations of C$8.57 billion. Bank of Montreal had a net margin of 17.71% and a return on equity of 7.28%. As a group, equities analysts forecast that Bank of Montreal will post 11.3859489 EPS for the current fiscal year.

Bank of Montreal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, April 29th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Friday, April 26th. Bank of Montreal’s dividend payout ratio is currently 83.20%.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.