Royal Bank of Canada (TSE:RY) (NYSE:RY) – Stock analysts at National Bank Financial boosted their Q3 2017 earnings per share estimates for shares of Royal Bank of Canada in a research note issued to investors on Thursday. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings per share of $1.85 for the quarter, up from their prior forecast of $1.83. National Bank Financial has a “Sector Perform” rating and a $99.00 price objective on the stock. National Bank Financial also issued estimates for Royal Bank of Canada’s Q4 2017 earnings at $1.84 EPS, FY2017 earnings at $7.49 EPS, Q1 2018 earnings at $1.96 EPS, Q2 2018 earnings at $2.00 EPS and FY2018 earnings at $7.96 EPS.

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Separately, Scotiabank lowered Royal Bank of Canada from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$102.00 to C$100.00 in a research note on Monday. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$95.67.

Shares of Royal Bank of Canada (TSE:RY) opened at 92.07 on Monday. The company has a market capitalization of $134.14 billion and a PE ratio of 12.53. The firm has a 50-day moving average price of $94.00 and a 200-day moving average price of $95.07. Royal Bank of Canada has a 12 month low of $79.75 and a 12 month high of $99.90.

In related news, insider Alex Douglas Mcgregor sold 30,000 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was 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 360 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of C$93.63, for a total value of C$33,706.80. Insiders have sold a total of 40,400 shares of company stock worth $3,756,065 in the last 90 days.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Wednesday, July 26th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, July 24th. This represents a $3.48 dividend on an annualized basis and a yield of 3.78%.

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.

Earnings History and Estimates for Royal Bank of Canada (TSE:RY)

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