Shares of Royal Bank of Canada (TSE:RY) (NYSE:RY) have received an average recommendation of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$95.00.

Several research analysts have recently weighed in on RY shares. Scotiabank lifted their price objective on Royal Bank of Canada from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research report on Friday, May 26th. National Bank Financial reissued a “sector perform” rating and issued a C$99.00 price objective on shares of Royal Bank of Canada in a research report on Friday, May 26th. Finally, TD Securities reissued a “buy” rating on shares of Royal Bank of Canada in a research report on Monday, April 3rd.

Shares of Royal Bank of Canada (TSE:RY) opened at 95.25 on Tuesday. Royal Bank of Canada has a 1-year low of $78.24 and a 1-year high of $99.90. The company has a market capitalization of $138.77 billion and a PE ratio of 12.96. The firm has a 50-day moving average price of $93.62 and a 200-day moving average price of $94.74.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Wednesday, July 26th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Monday, July 24th.

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In other news, Director David Ian Mckay sold 3,578 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of C$95.95, for a total value of C$343,309.10. Also, insider Jennifer Anne Tory sold 355 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of C$95.98, for a total value of C$34,072.90. Insiders have sold a total of 42,561 shares of company stock valued at $3,964,255 over the last three months.

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.

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

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