Royal Bank of Canada (TSE:RY) PT Raised to C$150.00

Royal Bank of Canada (TSE:RYGet Rating) (NYSE:RY) had its target price upped by CSFB from C$143.00 to C$150.00 in a research report released on Tuesday, BayStreet.CA reports.

A number of other equities research analysts have also recently commented on the company. Credit Suisse Group increased their target price on Royal Bank of Canada to C$150.00 in a report on Tuesday. Barclays increased their target price on Royal Bank of Canada from C$137.00 to C$140.00 in a report on Monday, November 14th. Fundamental Research reiterated a buy rating and set a C$143.00 target price on shares of Royal Bank of Canada in a report on Wednesday, September 7th. CIBC lowered their target price on Royal Bank of Canada from C$146.00 to C$140.00 in a report on Wednesday, September 7th. Finally, Canaccord Genuity Group decreased their price objective on Royal Bank of Canada from C$131.50 to C$130.50 in a report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Royal Bank of Canada currently has a consensus rating of Moderate Buy and an average target price of C$143.42.

Royal Bank of Canada Price Performance

TSE RY opened at C$134.83 on Tuesday. The business has a 50 day moving average price of C$126.11 and a 200 day moving average price of C$126.20. The company has a market capitalization of C$187.64 billion and a P/E ratio of 12.28. Royal Bank of Canada has a 1-year low of C$116.75 and a 1-year high of C$149.60.

Royal Bank of Canada (TSE:RYGet Rating) (NYSE:RY) last announced its earnings results on Wednesday, August 24th. The financial services provider reported C$2.55 EPS for the quarter, missing analysts’ consensus estimates of C$2.67 by C($0.12). The business had revenue of C$12.13 billion during the quarter. On average, research analysts expect that Royal Bank of Canada will post 11.8399996 earnings per share for the current fiscal year.

Royal Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 24th. Investors of record on Wednesday, October 26th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Tuesday, October 25th. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 43.35%.

Insider Buying and Selling

In related news, Director David Ian Mckay sold 4,078 shares of the stock in a transaction on Monday, October 24th. The stock was sold at an average price of C$124.89, for a total value of C$509,291.63. Following the transaction, the director now directly owns 5,873 shares of the company’s stock, valued at approximately C$733,464.87. In the last ninety days, insiders have sold 12,234 shares of company stock valued at $1,559,529.

About Royal Bank of Canada

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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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