text: Bank of Montreal (TSE:BMO) Given Average Recommendation of "Hold" by Analysts - Markets Daily
  Bank of Montreal (TSE:BMO) Given Average Recommendation of "Hold" by Analysts
  Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have been assigned a consensus rating of "Hold" from the twelve research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$110.50.
  BMO has been the topic of several research reports. Desjardins increased their target price on Bank of Montreal from C$108.00 to C$111.00 and gave the stock a "hold" rating in a research report on Tuesday, May 14th. Canaccord Genuity cut their target price on Bank of Montreal from C$113.00 to C$111.00 in a research report on Wednesday, May 15th. Citigroup cut their target price on Bank of Montreal from C$120.00 to C$115.00 in a research report on Thursday, June 27th. Barclays increased their target price on Bank of Montreal from C$106.00 to C$109.00 in a research report on Tuesday, June 11th. Finally, CSFB set a C$106.00 target price on Bank of Montreal and gave the stock an "underperform" rating in a research report on Thursday, May 16th.
  TSE:BMO traded down C$0.75 during trading hours on Friday, reaching C$96.70. 1,820,100 shares of the company traded hands, compared to its average volume of 1,563,051. The firm's 50-day simple moving average is C$99.55. The stock has a market capitalization of $61.77 billion and a PE ratio of 10.26. Bank of Montreal has a 1-year low of C$86.25 and a 1-year high of C$109.00.
  Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings data on Wednesday, May 29th. The bank reported C$2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.28 by C$0.02. The business had revenue of C$6.21 billion for the quarter, compared to analyst estimates of C$5.72 billion. On average, sell-side analysts anticipate that Bank of Montreal will post 10.1099996 EPS for the current fiscal year.
  The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Thursday, August 1st will be given a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This is a positive change from Bank of Montreal's previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 4.26%. Bank of Montreal's dividend payout ratio (DPR) is 41.58%.
  In other Bank of Montreal news, Senior Officer Simon Adrian Fish sold 325 shares of the firm's stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of C$100.53, for a total value of C$32,672.25.