Royal Bank of Canada (RY) Price Target Raised to C$108.00 at Canaccord Genuity
A number of other equities research analysts also recently weighed in on the company. BMO Capital Markets lifted their target price on Royal Bank of Canada from C$100.00 to C$102.00 and gave the stock a market perform rating in a research report on Thursday. CIBC lifted their target price on Royal Bank of Canada from C$103.00 to C$113.00 in a research report on Monday, November 13th. Eight Capital lifted their target price on Royal Bank of Canada from C$102.00 to C$105.00 in a research report on Friday, August 25th. Barclays lifted their target price on Royal Bank of Canada from C$94.20 to C$96.00 in a research report on Friday, August 25th. Finally, National Bank Financial decreased their target price on Royal Bank of Canada from C$101.00 to C$99.00 and set a sector perform rating on the stock in a research report on Thursday, August 24th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Royal Bank of Canada presently has an average rating of Hold and a consensus price target of C$104.67.
Royal Bank of Canada (TSE:RY) traded up C$0.31 during mid-day trading on Thursday, reaching C$101.16. The company had a trading volume of 2,306,988 shares, compared to its average volume of 2,619,739. Royal Bank of Canada has a fifty-two week low of C$87.15 and a fifty-two week high of C$102.15.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, January 24th. Royal Bank of Canada’s payout ratio is 47.54%.
In other Royal Bank of Canada news, insider Jennifer Anne Tory sold 359 shares of Royal Bank of Canada stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of C$94.31, for a total transaction of C$33,857.29. Also, insider Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of C$93.10, for a total value of C$931,000.00. Insiders have sold 25,328 shares of company stock worth $2,456,793 over the last ninety days.
ILLEGAL ACTIVITY WARNING: “Royal Bank of Canada (RY) Price Target Raised to C$108.00 at Canaccord Genuity” was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/12/01/royal-bank-of-canada-ry-price-target-raised-to-c108-00-at-canaccord-genuity.html.
Royal Bank of Canada Company Profile
Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.
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.