Thierry Vandal Acquires 729 Shares of Royal Bank of Canada (RY) Stock

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.

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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.

Insider Buying and Selling by Quarter for Royal Bank of Canada (TSE:RY)

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