Royal Bank of Canada (RY) PT Raised to C$108.00
Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price target hoisted by CSFB from C$105.00 to C$108.00 in a report published on Thursday. The firm currently has an outperform rating on the financial services provider’s stock.
Other research analysts have also issued reports about the stock. CIBC upped their price objective on shares of Royal Bank of Canada from C$103.00 to C$113.00 in a report on Monday, November 13th. Canaccord Genuity upped their price objective on shares of Royal Bank of Canada from C$100.00 to C$105.00 in a report on Wednesday, November 1st. Eight Capital upped their price objective on shares of Royal Bank of Canada from C$102.00 to C$105.00 in a report on Friday, August 25th. Barclays upped their price objective on shares of Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday, August 25th. Finally, BMO Capital Markets upped their price objective on shares of Royal Bank of Canada from C$100.00 to C$102.00 and gave the stock a market perform rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and an average target price of C$104.67.
Shares of Royal Bank of Canada (TSE RY) opened at C$101.16 on Thursday. Royal Bank of Canada has a 1-year low of C$87.15 and a 1-year high of C$102.15.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, January 24th. This represents a $3.64 annualized dividend and a dividend yield of 3.60%. Royal Bank of Canada’s payout ratio is 47.54%.
In other Royal Bank of Canada news, Director Thierry Vandal purchased 729 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average cost of C$91.91 per share, for a total transaction of C$67,002.39. Also, insider Alex Douglas Mcgregor sold 10,000 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of C$93.10, for a total transaction of C$931,000.00. Over the last quarter, insiders sold 25,328 shares of company stock valued at $2,456,793.
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About Royal Bank of Canada
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.
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