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 boosted by Credit Suisse Group to C$150.00 in a report published on Tuesday morning, Stock Target Advisor reports.

A number of other research firms have also commented on RY. CSFB reduced their price target on Royal Bank of Canada from C$144.00 to C$143.00 in a research report on Thursday, August 25th. CIBC cut their target price on Royal Bank of Canada from C$146.00 to C$140.00 in a research report on Wednesday, September 7th. Barclays upped their target price on Royal Bank of Canada from C$137.00 to C$140.00 in a research report on Monday, November 14th. Fundamental Research restated a buy rating and set a C$143.00 target price on shares of Royal Bank of Canada in a research report on Wednesday, September 7th. Finally, National Bankshares upped their target price on Royal Bank of Canada from C$147.00 to C$148.00 and gave the company an outperform rating in a research report on Thursday, August 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of C$143.42.

Royal Bank of Canada Trading Up 1.4 %

TSE RY opened at C$134.83 on Tuesday. The business’s 50-day moving average price is C$126.11 and its two-hundred day moving average price is C$126.20. Royal Bank of Canada has a 12 month low of C$116.75 and a 12 month high of C$149.60. The firm has a market capitalization of C$187.64 billion and a PE ratio of 12.28.

Royal Bank of Canada (TSE:RYGet Rating) (NYSE:RY) last released its quarterly 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. As a group, analysts forecast that Royal Bank of Canada will post 11.8399996 earnings per share for the current fiscal year.

Royal Bank of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 24th. Investors of record on Wednesday, October 26th will be paid a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date 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 company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of C$132.33, for a total transaction of C$539,651.12. Following the transaction, the director now directly owns 5,873 shares of the company’s stock, valued at approximately C$777,187.60. In the last three months, 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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Analyst Recommendations for Royal Bank of Canada (TSE:RY)

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