Royal Bank of Canada (TSE:RY) (NYSE:RY) has received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$95.00.

Several brokerages have issued reports on RY. Scotiabank boosted their target price on shares of Royal Bank of Canada from C$101.00 to C$102.00 and gave the company an “outperform” rating in a research note on Friday, May 26th. National Bank Financial reiterated a “sector perform” rating and issued a C$99.00 price objective on shares of Royal Bank of Canada in a report on Friday, May 26th. Finally, TD Securities reiterated a “buy” rating on shares of Royal Bank of Canada in a report on Monday, April 3rd.

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Royal Bank of Canada (RY) traded down 0.48% during mid-day trading on Tuesday, hitting $94.75. The stock had a trading volume of 2,042,723 shares. The stock has a 50-day moving average price of $94.31 and a 200 day moving average price of $95.07. Royal Bank of Canada has a 12-month low of $78.24 and a 12-month high of $99.90. The firm has a market cap of $138.04 billion and a P/E ratio of 12.90.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Wednesday, July 26th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Monday, July 24th.

In other Royal Bank of Canada news, insider Alex Douglas Mcgregor sold 30,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of C$92.79, for a total transaction of C$2,783,700.00. Also, insider Jennifer Anne Tory sold 355 shares of the stock in a transaction dated Monday, April 24th. The stock was sold at an average price of C$95.98, for a total transaction of C$34,072.90. Over the last three months, insiders have sold 42,561 shares of company stock worth $3,964,255.

About Royal Bank of Canada

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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