Bank of Montreal (TSE:BMO) Upgraded by Scotiabank to Hold Rating

Scotiabank upgraded shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) to a hold rating in a research note released on Thursday morning,Zacks.com reports.

Other analysts have also issued reports about the stock. Jefferies Financial Group decreased their price target on shares of Bank of Montreal from C$155.00 to C$129.00 in a research report on Monday, April 21st. National Bankshares decreased their target price on shares of Bank of Montreal from C$161.00 to C$144.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. TD Securities lifted their target price on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the company a “hold” rating in a research report on Tuesday, March 4th. Royal Bank of Canada set a C$163.00 target price on shares of Bank of Montreal and gave the company an “outperform” rating in a research report on Monday, March 17th. Finally, UBS Group decreased their target price on shares of Bank of Montreal from C$160.00 to C$145.00 in a research report on Tuesday, May 13th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$143.69.

Bank of Montreal Price Performance

TSE BMO opened at C$143.75 on Thursday. The firm has a market capitalization of C$104.12 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 0.71 and a beta of 1.16. The company’s fifty day moving average is C$134.61 and its two-hundred day moving average is C$137.56. Bank of Montreal has a 52-week low of C$109.02 and a 52-week high of C$151.08.

Bank of Montreal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 27th will be issued a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Tuesday, April 29th. Bank of Montreal’s dividend payout ratio is currently 61.20%.

Insider Activity at Bank of Montreal

In other Bank of Montreal news, Senior Officer Nadim Hirji sold 3,238 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total value of C$482,024.87. 0.03% of the stock is currently owned by insiders.

Bank of Montreal Company Profile

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.