Shares of Royal Bank of Canada (TSE:RY) (NYSE:RY) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the company. One research analyst has rated the stock with a sell rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$90.00.
RY has been the subject of a number of research reports. Canaccord Genuity boosted their target price on shares of Royal Bank of Canada from C$95.00 to C$99.00 in a research note on Friday, January 13th. TD Securities reissued a “buy” rating and set a C$96.00 target price on shares of Royal Bank of Canada in a research note on Thursday, December 1st. Scotiabank cut their target price on shares of Royal Bank of Canada from C$95.00 to C$93.00 and set an “outperform” rating for the company in a research note on Thursday, December 1st. BMO Capital Markets boosted their target price on shares of Royal Bank of Canada from C$85.00 to C$92.00 in a research note on Thursday, December 1st. Finally, CSFB boosted their target price on shares of Royal Bank of Canada from C$100.00 to C$101.00 in a research note on Tuesday.
In other Royal Bank of Canada news, insider Alex Douglas Mcgregor sold 17,583 shares of the business’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of C$88.00, for a total value of C$1,547,304.00.
Shares of Royal Bank of Canada (TSE:RY) opened at 93.29 on Thursday. Royal Bank of Canada has a 52 week low of $64.52 and a 52 week high of $94.90. The company has a market cap of $138.56 billion and a P/E ratio of 13.77. The firm has a 50-day moving average of $91.32 and a 200 day moving average of $84.23.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Thursday, January 26th will be issued a $0.83 dividend. The ex-dividend date is Tuesday, January 24th. This represents a $3.32 annualized dividend and a yield of 3.56%.
Royal Bank of Canada Company Profile
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.