Shares of Royal Bank of Canada (TSE:RY) (NYSE:RY) have earned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the firm. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$95.08.

A number of research analysts recently commented on the stock. Scotiabank boosted their price objective on shares of Royal Bank of Canada from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research report on Monday, February 27th. CIBC boosted their price objective on shares of Royal Bank of Canada from C$98.00 to C$99.00 in a research report on Wednesday, February 15th. Canaccord Genuity boosted their price objective on shares of Royal Bank of Canada from C$95.00 to C$99.00 in a research report on Friday, January 13th. TD Securities reaffirmed a “buy” rating and set a C$96.00 price objective on shares of Royal Bank of Canada in a research report on Thursday, December 1st. Finally, National Bank Financial reaffirmed a “sector perform” rating on shares of Royal Bank of Canada in a research report on Monday, February 20th.

In other Royal Bank of Canada news, insider Jennifer Anne Tory sold 359 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of C$94.00, for a total value of C$33,746.00. Also, insider Alex Douglas Mcgregor sold 14,475 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of C$99.10, for a total transaction of C$1,434,472.50. Insiders sold 47,339 shares of company stock valued at $4,631,289 over the last three months.

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Shares of Royal Bank of Canada (TSE:RY) opened at 96.29 on Thursday. Royal Bank of Canada has a 1-year low of $73.18 and a 1-year high of $99.90. The stock has a market cap of $142.05 billion and a P/E ratio of 13.44. The company’s 50-day moving average is $96.93 and its 200 day moving average is $89.38.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Shareholders of record on Tuesday, April 25th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 3.61%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.83.

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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