Royal Bank of Canada (TSE:RY) Price Target Increased to C$154.00 by Analysts at National Bankshares

Royal Bank of Canada (TSE:RYFree Report) (NYSE:RY) had its price target lifted by National Bankshares from C$148.00 to C$154.00 in a research report sent to investors on Friday, BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other analysts have also recently weighed in on the company. TD Securities boosted their price target on Royal Bank of Canada from C$153.00 to C$156.00 in a research report on Friday, May 10th. Canaccord Genuity Group lifted their price target on shares of Royal Bank of Canada from C$142.00 to C$146.00 and gave the company a buy rating in a research report on Thursday, February 29th. CIBC decreased their price objective on shares of Royal Bank of Canada from C$140.00 to C$135.00 and set a neutral rating for the company in a report on Friday, March 8th. Scotiabank upped their price target on shares of Royal Bank of Canada from C$140.00 to C$143.00 and gave the company an outperform rating in a report on Tuesday, February 20th. Finally, Jefferies Financial Group raised Royal Bank of Canada from a hold rating to a buy rating and boosted their price objective for the stock from C$136.00 to C$157.00 in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Bank of Canada has an average rating of Moderate Buy and an average target price of C$140.36.

View Our Latest Report on RY

Royal Bank of Canada Stock Performance

Shares of TSE:RY traded up C$1.02 during mid-day trading on Friday, hitting C$145.34. The stock had a trading volume of 4,333,425 shares, compared to its average volume of 5,293,029. Royal Bank of Canada has a 12-month low of C$107.92 and a 12-month high of C$145.45. The company has a market cap of C$204.93 billion, a PE ratio of 13.49, a P/E/G ratio of 10.64 and a beta of 0.83. The company’s 50 day moving average is C$136.81 and its 200-day moving average is C$131.16.

Royal Bank of Canada (TSE:RYGet Free Report) (NYSE:RY) last posted its quarterly earnings results on Wednesday, February 28th. The financial services provider reported C$2.85 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.79 by C$0.06. The business had revenue of C$13.49 billion for the quarter, compared to the consensus estimate of C$13.65 billion. Royal Bank of Canada had a net margin of 28.61% and a return on equity of 13.66%. On average, equities research analysts predict that Royal Bank of Canada will post 11.3055556 EPS for the current fiscal year.

Royal Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be given a $1.38 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $5.52 dividend on an annualized basis and a yield of 3.80%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 51.25%.

About Royal Bank of Canada

(Get Free Report)

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.

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Analyst Recommendations for Royal Bank of Canada (TSE:RY)

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