Royal Bank of Canada (RY) Director Thierry Vandal Sells 750 Shares
Royal Bank of Canada (TSE:RY) (NYSE:RY) Director Thierry Vandal sold 750 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of C$93.61, for a total value of C$70,207.50.
Shares of Royal Bank of Canada (RY) traded down 0.37% during midday trading on Wednesday, reaching $93.41. 838,674 shares of the company traded hands. Royal Bank of Canada has a 12 month low of $74.64 and a 12 month high of $99.90. The firm has a market capitalization of $136.09 billion and a P/E ratio of 12.71. The company has a 50 day moving average of $93.42 and a 200 day moving average of $94.55.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Wednesday, July 26th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 3.71%.
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Several research firms have commented on RY. Scotiabank upped their price target on shares of Royal Bank of Canada from C$101.00 to C$102.00 and gave the company an “outperform” rating in a report on Friday, May 26th. CIBC raised shares of Royal Bank of Canada from an “underperform” rating to a “market perform” rating in a research note on Monday, February 27th. TD Securities reissued a “buy” rating and set a C$105.00 target price on shares of Royal Bank of Canada in a research note on Monday, February 27th. Keefe, Bruyette & Woods upped their price target on shares of Royal Bank of Canada from C$92.00 to C$99.00 and gave the stock a “market perform” rating in a research report on Monday, February 27th. Finally, National Bank Financial restated a “sector perform” rating and set a C$99.00 price target on shares of Royal Bank of Canada in a research report on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of C$95.83.
Royal Bank of Canada Company Profile
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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