Royal Bank of Canada (RY.TO) – What Are Analysts Thinking About This Stock?

Shares of Royal Bank of Canada (TSE:RY) (NYSE:RY) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$292.86.

A number of research firms have commented on RY. Canaccord Genuity Group upped their price target on Royal Bank of Canada from C$310.00 to C$318.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Jefferies Financial Group increased their price objective on Royal Bank of Canada from C$268.00 to C$271.00 in a report on Thursday, September 3rd. Raymond James Financial lifted their price objective on Royal Bank of Canada from C$270.50 to C$306.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. Barclays lifted their price objective on Royal Bank of Canada from C$260.00 to C$300.00 in a research report on Friday, August 21st. Finally, Keefe, Bruyette & Woods boosted their target price on Royal Bank of Canada from C$316.00 to C$324.00 in a research note on Monday, August 31st.

Insider Buying and Selling at Royal Bank of Canada

In other Royal Bank of Canada news, insider Kelly Bradley sold 359 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of C$282.24, for a total transaction of C$101,324.16. Also, insider Maria Elena Douvas sold 9,604 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of C$275.20, for a total transaction of C$2,643,020.80. In the last quarter, insiders sold 75,908 shares of company stock worth $21,177,587.

Royal Bank of Canada Trading Down 2.3%

Shares of TSE:RY opened at C$285.86 on Friday. The company has a market cap of C$395.75 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 3.42 and a beta of 0.89. The company has a 50-day moving average price of C$282.94 and a 200-day moving average price of C$263.96. Royal Bank of Canada has a 12 month low of C$201.76 and a 12 month high of C$306.38.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its earnings results on Thursday, August 27th. The financial services provider reported C$4.28 earnings per share for the quarter. The company had revenue of C$18.54 billion during the quarter. Royal Bank of Canada had a net margin of 15.92% and a return on equity of 16.11%. As a group, research analysts forecast that Royal Bank of Canada will post 12.35 EPS for the current fiscal year.

Royal Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, November 24th will be paid a C$1.76 dividend. The ex-dividend date of this dividend is Monday, October 26th. This represents a $7.04 dividend on an annualized basis and a yield of 2.5%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 41.49%.

About Royal Bank of Canada

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.