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Equities research analysts at National Bank Financial lifted their price target on shares of Royal Bank of Canada (TSE:RY) from C$82.00 to C$86.00 in a research note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 6.44% from the company’s current price.

Royal Bank of Canada (TSE:RY) traded up 0.46% during mid-day trading on Monday, hitting $81.17. 959,340 shares of the company’s stock traded hands. Royal Bank of Canada has a 1-year low of $63.76 and a 1-year high of $82.15. The stock’s 50-day moving average is $79.57 and its 200-day moving average is $74.77. The company has a market cap of $116.9 billion and a P/E ratio of 13.81.

The company also recently declared a quarterly dividend, which is scheduled for Monday, November 24th. Investors of record on Monday, October 27th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.71%.

Several other analysts have also recently commented on the stock. Analysts at CIBC raised their price target on shares of Royal Bank of Canada from C$85.00 to C$86.00 in a research note on Monday. They now have a “sector perform” rating on the stock. Separately, analysts at CSFB raised their price target on shares of Royal Bank of Canada from C$92.00 to C$95.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Royal Bank of Canada from C$85.00 to C$86.00 in a research note on Monday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Royal Bank of Canada has an average rating of “Buy” and a consensus price target of C$86.14.

Royal Bank of Canada (TSE:RY) is a diversified financial services company.

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