Shares of Royal Bank of Canada (TSE:RY) (NYSE:RY) have earned an average rating of “Hold” from the twelve analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$95.00.

A number of research analysts recently issued reports on RY shares. Scotiabank raised their price objective on shares of Royal Bank of Canada from C$101.00 to C$102.00 and gave the company an “outperform” rating in a report on Friday, May 26th. CIBC raised their price target on shares of Royal Bank of Canada from C$101.00 to C$106.00 in a report on Tuesday, March 7th. National Bank Financial restated a “sector perform” rating and set a C$99.00 price target on shares of Royal Bank of Canada in a report on Friday, May 26th. Finally, TD Securities restated a “buy” rating on shares of Royal Bank of Canada in a report on Monday, April 3rd.

COPYRIGHT VIOLATION NOTICE: “Royal Bank of Canada (RY) Receives C$95.00 Average Price Target from Analysts” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/06/30/royal-bank-of-canada-ry-receives-c95-00-average-price-target-from-analysts.html.

In other news, Director David Ian Mckay sold 3,578 shares of Royal Bank of Canada stock in a transaction on Monday, April 24th. The shares were sold at an average price of C$95.95, for a total value of C$343,309.10. Also, insider Jennifer Anne Tory sold 361 shares of Royal Bank of Canada stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of C$93.20, for a total transaction of C$33,645.20. In the last 90 days, insiders have sold 42,561 shares of company stock valued at $3,964,255.

Royal Bank of Canada (TSE:RY) traded down 0.57% during midday trading on Tuesday, hitting $94.16. 2,750,050 shares of the company were exchanged. Royal Bank of Canada has a one year low of $74.64 and a one year high of $99.90. The firm’s 50-day moving average price is $93.62 and its 200-day moving average price is $94.74. The stock has a market capitalization of $137.18 billion and a PE ratio of 12.82.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Wednesday, July 26th will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, July 24th. This represents a $3.48 annualized dividend and a yield of 3.70%.

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.

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

Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.