Shares of Royal Bank of Canada (TSE:RY) (NYSE:RY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$105.44 and last traded at C$104.84, with a volume of 1510666 shares. The stock had previously closed at C$104.31.

A number of analysts have recently issued reports on RY shares. Eight Capital upgraded Royal Bank of Canada from a “neutral” rating to a “buy” rating and boosted their target price for the stock from C$107.00 to C$113.00 in a report on Monday, December 11th. Desjardins boosted their target price on Royal Bank of Canada from C$108.00 to C$109.00 in a report on Thursday, November 30th. CSFB boosted their target price on Royal Bank of Canada from C$105.00 to C$108.00 and gave the stock an “outperform” rating in a report on Thursday, November 30th. BMO Capital Markets boosted their target price on Royal Bank of Canada from C$100.00 to C$102.00 and gave the stock a “market perform” rating in a report on Thursday, November 30th. Finally, CIBC boosted their target price on Royal Bank of Canada from C$103.00 to C$113.00 in a report on Monday, November 13th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$107.42.

The stock has a market cap of $152,900.00, a PE ratio of 13.87 and a beta of 0.72.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.47%. The ex-dividend date is Wednesday, January 24th. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 46.03%.

In other Royal Bank of Canada news, Director Jeffery William Yabuki bought 1,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were bought at an average cost of C$79.63 per share, with a total value of C$79,630.00. Also, insider Jennifer Anne Tory sold 344 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of C$101.18, for a total value of C$34,805.92. Insiders have sold a total of 18,795 shares of company stock worth $1,907,804 over the last three months.

COPYRIGHT VIOLATION NOTICE: “Royal Bank of Canada (RY) Hits New 1-Year High at $105.44” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2018/01/10/royal-bank-of-canada-ry-hits-new-1-year-high-at-105-44.html.

About Royal Bank of Canada

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.

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.