Other research analysts have also recently issued research reports about the company. CIBC dropped their price target on Royal Bank of Canada from C$146.00 to C$140.00 in a report on Wednesday, September 7th. CSFB dropped their price target on Royal Bank of Canada from C$144.00 to C$143.00 in a report on Thursday, August 25th. Credit Suisse Group upped their price target on Royal Bank of Canada to C$150.00 in a report on Tuesday. Barclays lifted their price objective on shares of Royal Bank of Canada from C$137.00 to C$140.00 in a research report on Monday, November 14th. Finally, Canaccord Genuity Group lowered their price objective on shares of Royal Bank of Canada from C$131.50 to C$130.50 in a research report on Thursday, August 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of C$143.42.
Royal Bank of Canada Stock Performance
TSE RY opened at C$134.83 on Tuesday. The stock has a market capitalization of C$187.64 billion and a P/E ratio of 12.28. Royal Bank of Canada has a 1 year low of C$116.75 and a 1 year high of C$149.60. The business’s fifty day moving average is C$126.11 and its two-hundred day moving average is C$126.20.
Royal Bank of Canada Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 24th. Stockholders of record on Wednesday, October 26th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Tuesday, October 25th. Royal Bank of Canada’s dividend payout ratio is currently 43.35%.
In other news, Director David Ian Mckay sold 4,078 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of C$132.33, for a total transaction of C$539,651.12. Following the transaction, the director now directly owns 5,873 shares in the company, valued at approximately C$777,187.60. Insiders have sold a total of 12,234 shares of company stock worth $1,559,529 in the last ninety days.
Royal Bank of Canada Company Profile
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.
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