Royal Bank of Canada (TSE:RY) (NYSE:RY) Director Thierry Vandal purchased 729 shares of Royal Bank of Canada stock in a transaction dated Friday, September 15th. The stock was bought at an average price of C$91.91 per share, for a total transaction of C$67,002.39.
Shares of Royal Bank of Canada (RY) opened at 92.17 on Tuesday. The firm has a market cap of $134.38 billion and a P/E ratio of 12.59. The firm has a 50 day moving average price of $92.59 and a 200 day moving average price of $94.36. Royal Bank of Canada has a 1-year low of $80.35 and a 1-year high of $99.90.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 26th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.95%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $0.87.
Several research analysts have weighed in on the company. Eight Capital lifted their target price on Royal Bank of Canada from C$102.00 to C$105.00 in a report on Friday, August 25th. Barclays PLC lifted their target price on Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday, August 25th. BMO Capital Markets reiterated a “market perform” rating and set a C$100.00 target price on shares of Royal Bank of Canada in a report on Thursday, August 24th. Scotiabank lifted their target price on Royal Bank of Canada from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a report on Friday, May 26th. Finally, National Bank Financial reduced 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 report on Thursday, August 24th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$99.75.
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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