Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) has received a consensus recommendation of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$176.58.
Several equities analysts recently issued reports on the company. Cormark upped their target price on Royal Bank of Canada from C$166.00 to C$171.00 in a research report on Thursday, August 29th. Barclays raised Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. Jefferies Financial Group decreased their target price on Royal Bank of Canada from C$168.00 to C$165.00 and set a “buy” rating for the company in a report on Monday, August 12th. CIBC increased their price target on shares of Royal Bank of Canada from C$167.00 to C$176.00 in a report on Tuesday, November 26th. Finally, National Bankshares lifted their price objective on shares of Royal Bank of Canada from C$181.00 to C$188.00 in a research note on Thursday.
View Our Latest Analysis on Royal Bank of Canada
Insider Transactions at Royal Bank of Canada
Royal Bank of Canada Trading Up 1.9 %
TSE:RY opened at C$179.57 on Friday. Royal Bank of Canada has a twelve month low of C$123.44 and a twelve month high of C$179.86. The company has a market cap of C$253.19 billion, a PE ratio of 15.91, a P/E/G ratio of 3.42 and a beta of 0.84. The company’s 50 day moving average is C$171.64 and its two-hundred day moving average is C$158.94.
Royal Bank of Canada Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 3.30%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.42. Royal Bank of Canada’s dividend payout ratio (DPR) is 50.31%.
About Royal Bank of Canada
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.
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