Royal Bank of Canada Price Target Increased to C$86.00 by Analysts at TD Securities (RY)
Equities researchers at TD Securities raised their target price on shares of Royal Bank of Canada (TSE:RY) from C$85.00 to C$86.00 in a research report issued on Monday. TD Securities’ price target would indicate a potential upside of 6.44% from the company’s current price.
Separately, analysts at Scotiabank cut their price target on shares of Royal Bank of Canada from C$87.00 to C$86.00 in a research note on Monday. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$86.14.
Royal Bank of Canada (TSE:RY) traded up 0.47% on Monday, hitting $81.18. 960,690 shares of the company’s stock traded hands. Royal Bank of Canada has a one year low of $63.76 and a one year high of $82.15. The stock has a 50-day moving average of $79.57 and a 200-day moving average of $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. Stockholders 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%.
Royal Bank of Canada (TSE:RY) is a diversified financial services company.
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