Royal Bank of Canada (RY) Given New C$96.00 Price Target at Barclays PLC
RY has been the subject of several other reports. Scotiabank upped their price objective on shares of Royal Bank of Canada from C$101.00 to C$102.00 and gave the stock an outperform rating in a report on Friday, May 26th. National Bank Financial reduced their price target on shares of Royal Bank of Canada from C$101.00 to C$99.00 and set a sector perform rating for the company in a report on Thursday. Finally, BMO Capital Markets reissued a market perform rating and issued a C$100.00 price target on shares of Royal Bank of Canada in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and an average target price of C$99.75.
Royal Bank of Canada (TSE:RY) traded up 0.36% on Friday, reaching $93.25. The company had a trading volume of 1,454,637 shares. The stock has a 50 day moving average price of $93.80 and a 200 day moving average price of $95.01. The stock has a market capitalization of $135.95 billion and a PE ratio of 12.74. Royal Bank of Canada has a 52-week low of $79.75 and a 52-week high of $99.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 26th will be paid a $0.91 dividend. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $0.87. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.90%.
In other news, insider Jennifer Anne Tory sold 361 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of C$93.20, for a total value of C$33,645.20. Also, Director Thierry Vandal sold 750 shares of the 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. In the last 90 days, insiders sold 46,116 shares of company stock valued at $4,280,680.
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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