Royal Bank of Canada (TSE:RY) (NYSE:RY) has received a consensus rating of “Hold” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$95.00.

RY has been the topic of a number of research analyst reports. TD Securities reissued a “buy” rating on shares of Royal Bank of Canada in a report on Monday, April 3rd. Scotiabank raised their price objective on shares of Royal Bank of Canada from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a report on Friday, May 26th. Finally, National Bank Financial reissued a “sector perform” rating and set a C$99.00 price objective on shares of Royal Bank of Canada in a report on Friday, May 26th.

Royal Bank of Canada (RY) traded down 0.03% on Monday, hitting $93.22. 2,013,888 shares of the company traded hands. Royal Bank of Canada has a 12 month low of $78.24 and a 12 month high of $99.90. The firm has a market capitalization of $135.81 billion and a P/E ratio of 12.69. The stock’s 50-day moving average is $94.36 and its 200 day moving average is $95.11.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Wednesday, July 26th will be given a $0.87 dividend. The ex-dividend date of this dividend is Monday, July 24th. This represents a $3.48 annualized dividend and a dividend yield of 3.73%.

In other news, insider Alex Douglas Mcgregor sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of C$92.79, for a total transaction of C$2,783,700.00. Also, Director David Ian Mckay sold 3,578 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of C$92.82, for a total transaction of C$332,109.96. Insiders sold a total of 44,340 shares of company stock valued at $4,121,794 in the last three months.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.dailypolitical.com/2017/07/27/royal-bank-of-canada-tsery-receives-c95-00-consensus-price-target-from-brokerages.html.

About Royal Bank of Canada

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.