Royal Bank Of Canada (RY) Sets New 12-Month High at $63.68
Royal Bank Of Canada (NYSE:RY)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $63.68 and last traded at $63.41, with a volume of 764,167 shares changing hands. The stock had previously closed at $62.56.
A number of equities analysts have recently issued reports on RY shares. Citigroup Inc. increased their price target on Royal Bank Of Canada from $88.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, August 15th. Argus started coverage on Royal Bank Of Canada in a research report on Friday, July 1st. They set a “buy” rating and a $69.00 price target on the stock. Credit Suisse Group AG reissued a “buy” rating on shares of Royal Bank Of Canada in a research report on Saturday, June 4th. Zacks Investment Research raised Royal Bank Of Canada from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Friday, May 20th. Finally, TD Securities reissued a “hold” rating and set a $81.00 price target (up previously from $79.00) on shares of Royal Bank Of Canada in a research report on Friday, May 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Royal Bank Of Canada has an average rating of “Hold” and a consensus target price of $78.13.
The company’s 50 day moving average price is $61.20 and its 200-day moving average price is $58.59. The firm has a market capitalization of $94.24 billion and a P/E ratio of 12.37.
Royal Bank Of Canada (NYSE:RY) last released its quarterly earnings data on Wednesday, August 24th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.33 by $0.39. The company earned $10.26 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the business earned $1.66 earnings per share. On average, equities analysts predict that Royal Bank Of Canada will post $5.24 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Tuesday, July 26th were given a $0.6163 dividend. This represents a $2.47 annualized dividend and a yield of 3.89%. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Friday, July 22nd.
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. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto financing and retail investment businesses; Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM); Insurance, which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets.
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