Royal Bank of Canada (TSE:RY) Receives C$175.92 Average PT from Brokerages

Royal Bank of Canada (TSE:RYGet 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

In other Royal Bank of Canada news, Senior Officer Douglas Antony Guzman sold 10,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$167.91, for a total value of C$1,679,100.00. Following the completion of the sale, the insider now owns 25 shares in the company, valued at approximately C$4,197.75. This represents a 99.75 % decrease in their position. Insiders have sold 44,918 shares of company stock valued at $7,518,149 over the last ninety days.

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

(Get Free Report

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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Analyst Recommendations for Royal Bank of Canada (TSE:RY)

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