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Investment analysts at CIBC increased their price target on shares of Royal Bank of Canada (TSE:RY) from C$85.00 to C$86.00 in a note issued to investors on Monday. The firm currently has a “sector perform” rating on the stock. CIBC’s price target points to a potential upside of 6.44% from the company’s current price.

A number of other firms have also recently commented on RY. 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. Separately, 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. Finally, 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 company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$86.14.

Shares of Royal Bank of Canada (TSE:RY) traded up 0.46% during mid-day trading on Monday, hitting $81.17. The stock had a trading volume of 959,340 shares. Royal Bank of Canada has a 52-week low of $63.76 and a 52-week 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 announced a quarterly dividend, which is scheduled for Monday, November 24th. Stockholders of record on Monday, October 27th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.71%.

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

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