Other research analysts also recently issued research reports about the company. Eight Capital lifted their price target on Royal Bank of Canada from C$105.00 to C$107.00 in a report on Thursday, November 30th. Canaccord Genuity lifted their price target on Royal Bank of Canada from C$100.00 to C$105.00 in a report on Wednesday, November 1st. National Bank Financial lifted their price target on Royal Bank of Canada from C$101.00 to C$105.00 and gave the company a sector perform rating in a report on Thursday, November 30th. Citigroup lifted their price target on Royal Bank of Canada from C$118.00 to C$120.00 in a report on Tuesday, December 12th. Finally, Scotiabank lifted their price target on Royal Bank of Canada from C$110.00 to C$111.00 and gave the company a sector perform rating in a report on Thursday, November 30th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Royal Bank of Canada has an average rating of Hold and a consensus target price of C$108.08.
Royal Bank of Canada (TSE RY) opened at C$108.05 on Friday. The stock has a market capitalization of $157,790.00, a price-to-earnings ratio of 14.29 and a beta of 0.72. Royal Bank of Canada has a 1-year low of C$90.13 and a 1-year high of C$108.52.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its earnings results on Wednesday, November 29th. The financial services provider reported C$1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.88 by C$0.04. Royal Bank of Canada had a return on equity of 16.63% and a net margin of 26.20%.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be given a dividend of $0.91 per share. The ex-dividend date is Wednesday, January 24th. This represents a $3.64 dividend on an annualized basis and a yield of 3.37%. Royal Bank of Canada’s payout ratio is 46.03%.
In related news, Director Jeffery William Yabuki purchased 1,000 shares of Royal Bank of Canada stock in a transaction on Tuesday, December 5th. The stock was bought at an average price of C$79.63 per share, with a total value of C$79,630.00. Also, insider Alex Douglas Mcgregor sold 7,403 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$101.73, for a total value of C$753,107.19. In the last three months, insiders have sold 13,099 shares of company stock valued at $1,329,482.
Royal Bank of Canada Company Profile
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.
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