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%.

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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.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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