Shares of Royal Bank of Canada (TSE:RY) (NYSE:RY) have been assigned an average rating of “Hold” from the twelve research firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$108.45.
A number of analysts recently issued reports on RY shares. Eight Capital raised Royal Bank of Canada from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$107.00 to C$113.00 in a research report on Monday, December 11th. Citigroup lifted their target price on Royal Bank of Canada from C$118.00 to C$120.00 in a research report on Tuesday, December 12th. National Bank Financial boosted their price target on Royal Bank of Canada from C$105.00 to C$107.00 and gave the stock a “sector perform” rating in a research report on Friday, January 12th. CIBC boosted their price target on Royal Bank of Canada from C$103.00 to C$113.00 in a research report on Monday, November 13th. Finally, Canaccord Genuity boosted their price target on Royal Bank of Canada from C$100.00 to C$105.00 in a research report on Wednesday, November 1st.
In other news, Director David Ian Mckay sold 5,352 shares of the business’s 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 business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$101.73, for a total value of C$753,107.19. In the last three months, insiders have sold 19,531 shares of company stock worth $2,024,910.
Royal Bank of Canada (TSE:RY) traded up C$0.70 during trading hours on Friday, hitting C$100.51. The company had a trading volume of 2,222,238 shares, compared to its average volume of 2,810,000. The firm has a market capitalization of $146,830.00, a P/E ratio of 13.29 and a beta of 0.71. Royal Bank of Canada has a twelve month low of C$90.13 and a twelve month high of C$108.52.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its earnings results on Wednesday, November 29th. The financial services provider reported C$1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Wednesday, January 24th. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 46.03%.
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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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