Royal Bank Of Canada (NYSE:RY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $62.03, but opened at $62.28. Royal Bank Of Canada shares last traded at $62.87, with a volume of 507,188 shares traded.

A number of research firms recently issued reports on RY. BMO Capital Markets reiterated a “hold” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 25th. Argus restated a “buy” rating and issued a $71.00 price target (up from $69.00) on shares of Royal Bank Of Canada in a research report on Thursday, August 25th. Zacks Investment Research upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating and set a $70.00 price target for the company in a research report on Friday, August 26th. Credit Suisse Group AG restated an “outperform” rating and issued a $100.00 price target (up from $96.00) on shares of Royal Bank Of Canada in a research report on Friday, August 26th. Finally, Desjardins restated a “buy” rating and issued a $86.00 price target on shares of Royal Bank Of Canada in a research report on Friday, August 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Royal Bank Of Canada presently has an average rating of “Hold” and an average price target of $83.10.

The stock has a 50-day moving average of $61.68 and a 200 day moving average of $59.16. The company has a market cap of $93.14 billion and a price-to-earnings ratio of 11.70.

Royal Bank Of Canada (NYSE:RY) last announced its earnings results on Wednesday, August 24th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.39. During the same quarter in the previous year, the firm earned $1.66 earnings per share. The company had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $7.27 billion. On average, equities research analysts predict that Royal Bank Of Canada will post $5.25 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 24th. Shareholders of record on Wednesday, October 26th will be given a dividend of $0.6449 per share. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Monday, October 24th. This represents a $2.58 annualized dividend and a yield of 4.11%.

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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