Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price target lowered by National Bank Financial from C$101.00 to C$99.00 in a research note published on Thursday. The brokerage currently has a sector perform rating on the financial services provider’s stock. National Bank Financial also issued estimates for Royal Bank of Canada’s Q3 2017 earnings at $1.85 EPS, Q4 2017 earnings at $1.84 EPS, Q4 2017 earnings at $1.89 EPS, FY2017 earnings at $7.58 EPS, FY2017 earnings at $7.49 EPS, Q1 2018 earnings at $1.96 EPS, Q1 2018 earnings at $1.99 EPS, Q2 2018 earnings at $2.00 EPS, Q3 2018 earnings at $2.05 EPS, Q4 2018 earnings at $2.06 EPS, FY2018 earnings at $7.96 EPS and FY2018 earnings at $8.08 EPS.

RY has been the subject of a number of other reports. Scotiabank raised 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. BMO Capital Markets reaffirmed a market perform rating and set a C$100.00 price target on shares of Royal Bank of Canada in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of C$96.33.

Shares of Royal Bank of Canada (RY) traded up 0.60% on Thursday, reaching $93.48. The company had a trading volume of 613,092 shares. Royal Bank of Canada has a 1-year low of $79.75 and a 1-year high of $99.90. The stock has a market capitalization of $136.29 billion and a P/E ratio of 12.77. The company’s 50 day moving average price is $93.85 and its 200-day moving average price is $95.02.

TRADEMARK VIOLATION NOTICE: This report was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/08/25/royal-bank-of-canada-ry-price-target-cut-to-c99-00-by-analysts-at-national-bank-financial.html.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, October 26th will be issued a dividend of $0.91 per share. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $0.87. This represents a $3.64 annualized dividend and a yield of 3.92%.

In other Royal Bank of Canada news, Director Thierry Vandal sold 750 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of C$93.61, for a total transaction of C$70,207.50. Also, Director David Ian Mckay sold 3,577 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of C$93.26, for a total transaction of C$333,591.02. Over the last three months, insiders have sold 46,116 shares of company stock valued at $4,280,680.

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)

Receive News & Stock Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related stocks with our FREE daily email newsletter.