Royal Bank Of Canada (RY) Shares Gap Up to $62.28
Shares of Royal Bank Of Canada (NYSE:RY) gapped up prior to trading 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 trading hands.
Several equities analysts recently commented on RY shares. Desjardins reaffirmed a “buy” rating and set a $86.00 price objective on shares of Royal Bank Of Canada in a research note on Friday, August 26th. TD Securities reaffirmed a “hold” rating and set a $86.00 price objective (up previously from $81.00) on shares of Royal Bank Of Canada in a research note on Friday, August 26th. Scotiabank reaffirmed an “outperform” rating and set a $86.00 price objective (up previously from $85.00) on shares of Royal Bank Of Canada in a research note on Friday, August 26th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $100.00 price objective (up previously from $96.00) on shares of Royal Bank Of Canada in a research note on Friday, August 26th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $83.10.
The firm has a market capitalization of $93.14 billion and a P/E ratio of 11.82. The stock’s 50 day moving average price is $61.68 and its 200 day moving average price is $59.16.
Royal Bank Of Canada (NYSE:RY) last posted its quarterly earnings data on Wednesday, August 24th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.39. During the same period in the previous year, the business posted $1.66 EPS. The business earned $10.26 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Equities analysts forecast that Royal Bank Of Canada will post $5.25 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 24th. Investors of record on Wednesday, October 26th will be issued a $0.6449 dividend. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $0.62. This represents a $2.58 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Monday, October 24th.
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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