RBC Capital Hits New 52-Week High at $65.08 (RY)
Shares of RBC Capital (NYSE:RY) hit a new 52-week high during trading hours on Monday, AR Network reports. The company traded as high as $65.08 and last traded at $64.74, with a volume of 240,207 shares trading hands. The stock had previously closed at $64.60.
Several analysts have recently commented on the stock. Analysts at Rafferty Capital Markets upgraded shares of RBC Capital (NYSE:RY) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, September 10th. They now have a $70.00 price target on the stock, up previously from $64.00. Separately, analysts at CSFB raised their price target on shares of RBC Capital (NYSE:RY) from C$69.00 to C$71.00 in a research note to investors on Friday, August 30th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of RBC Capital (NYSE:RY) from C$64.00 to C$66.00 in a research note to investors on Friday, August 30th. They now have an “equal weight” rating on the stock. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $67.55.
RBC Capital has a 52 week low of $54.41 and a 52 week high of $65.04. The stock’s 50-day moving average is $62.97 and its 200-day moving average is $60.79. The company has a market cap of $92.469 billion and a P/E ratio of 11.75.
RBC Capital (NYSE:RY) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.38. The company had revenue of $7.22 billion for the quarter, compared to the consensus estimate of $7.93 billion. The company’s quarterly revenue was down 6.9% on a year-over-year basis. Analysts expect that RBC Capital will post $5.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 22nd. Shareholders of record on Thursday, October 24th will be paid a dividend of $0.64 per share. This represents a $2.55 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Tuesday, October 22nd.
Royal Bank of Canada (NYSE:RY) is a diversified financial services company.
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