Royal Bank of Canada (TSE:RY) (NYSE:RY) had its target price upped by National Bank Financial from C$105.00 to C$107.00 in a report released on Friday, January 12th. National Bank Financial currently has a sector perform rating on the financial services provider’s stock. National Bank Financial also issued estimates for Royal Bank of Canada’s Q2 2018 earnings at $2.03 EPS and Q3 2018 earnings at $2.10 EPS.
A number of other equities research analysts have also weighed in on RY. Eight Capital lifted their target price on Royal Bank of Canada from C$105.00 to C$107.00 in a research report on Thursday, November 30th. Canaccord Genuity lifted their target price on Royal Bank of Canada from C$105.00 to C$108.00 in a research report on Thursday, November 30th. BMO Capital Markets lifted their target price on Royal Bank of Canada from C$100.00 to C$102.00 and gave the company a market perform rating in a research report on Thursday, November 30th. Desjardins boosted their price target on Royal Bank of Canada from C$108.00 to C$109.00 in a research report on Thursday, November 30th. Finally, Scotiabank boosted their price target on Royal Bank of Canada from C$110.00 to C$111.00 and gave the stock a sector perform rating in a research report on Thursday, November 30th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of C$108.17.
Royal Bank of Canada (RY) opened at C$103.55 on Friday. The firm has a market capitalization of $151,220.00, a P/E ratio of 13.70 and a beta of 0.71. Royal Bank of Canada has a 1-year low of C$90.13 and a 1-year high of C$108.52.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its quarterly earnings results on Wednesday, November 29th. The financial services provider reported C$1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.88 by C$0.04. Royal Bank of Canada had a return on equity of 16.63% and a net margin of 26.20%.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $3.64 annualized dividend and a dividend yield of 3.52%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 46.03%.
In other Royal Bank of Canada news, Director David Ian Mckay sold 5,352 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of C$101.19, for a total transaction of C$541,568.88. Also, insider Alex Douglas Mcgregor sold 7,403 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of C$101.73, for a total value of C$753,107.19. In the last three months, insiders sold 19,531 shares of company stock valued at $2,024,910.
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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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