Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 3,577 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of C$94.28, for a total value of C$337,239.56.
David Ian Mckay also recently made the following trade(s):
- On Tuesday, August 22nd, David Ian Mckay sold 5,352 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$91.78, for a total value of C$491,206.56.
- On Monday, July 24th, David Ian Mckay sold 5,352 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$93.65, for a total value of C$501,214.80.
Shares of Royal Bank of Canada (TSE:RY) opened at 95.93 on Friday. Royal Bank of Canada has a one year low of $80.35 and a one year high of $99.90. The company has a 50 day moving average price of $92.59 and a 200-day moving average price of $94.32. The stock has a market cap of $139.86 billion and a price-to-earnings ratio of 13.10.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, October 26th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.79%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $0.87.
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A number of analysts recently issued reports on RY shares. Scotiabank lowered Royal Bank of Canada from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$102.00 to C$100.00 in a report on Monday, August 21st. BMO Capital Markets reiterated a “market perform” rating and issued a C$100.00 price target on shares of Royal Bank of Canada in a report on Thursday, August 24th. National Bank Financial lowered their price target on Royal Bank of Canada from C$101.00 to C$99.00 and set a “sector perform” rating for the company in a report on Thursday, August 24th. Barclays PLC boosted their price target on Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday, August 25th. Finally, Eight Capital boosted their price target on Royal Bank of Canada from C$102.00 to C$105.00 in a report on Friday, August 25th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$99.75.
About Royal Bank of Canada
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.
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