Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective boosted by Canaccord Genuity from C$105.00 to C$108.00 in a research report report published on Thursday.

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.

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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.

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

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