Royal Bank of Canada (RY) Given “Neutral” Rating at Dundee Securities

Royal Bank of Canada (TSE:RY)‘s stock had its “neutral” rating reissued by stock analysts at Dundee Securities in a note issued to investors on Wednesday, StockTargetPrices.com reports. They presently have a C$87.00 price objective on the stock. Dundee Securities’ price target suggests a potential upside of 7.33% from the stock’s previous close.

Several other research analysts have also weighed in on RY. TD Securities upped their target price on shares of Royal Bank of Canada from C$79.00 to C$81.00 and gave the stock a “hold” rating in a research report on Friday, May 27th. Citigroup Inc. lowered their target price on shares of Royal Bank of Canada from C$89.00 to C$88.00 and set a “buy” rating on the stock in a research report on Thursday, June 2nd. CIBC upped their target price on shares of Royal Bank of Canada from C$84.00 to C$87.00 in a research report on Friday, September 2nd. Scotiabank upped their target price on shares of Royal Bank of Canada from C$85.00 to C$86.00 and gave the stock an “outperform” rating in a research report on Thursday, August 25th. Finally, Barclays PLC upped their target price on shares of Royal Bank of Canada from C$72.00 to C$74.00 and gave the stock an “underweight” rating in a research report on Thursday, August 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$84.23.

Analyst Recommendations for Royal Bank of Canada (TSE:RY)

Shares of Royal Bank of Canada (TSE:RY) traded up 0.39% during mid-day trading on Wednesday, hitting $81.38. 991,121 shares of the stock were exchanged. The company has a 50-day moving average of $80.68 and a 200 day moving average of $78.10. The stock has a market cap of $120.75 billion and a PE ratio of 11.86. Royal Bank of Canada has a one year low of $64.52 and a one year high of $83.00.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/royal-bank-of-canada-ry-given-neutral-rating-at-dundee-securities.html

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 24th. Investors of record on Wednesday, October 26th will be paid a dividend of $0.83 per share. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.81. This represents a $3.32 annualized dividend and a dividend yield of 4.10%.

In related news, insider Janice Rose Fukakusa sold 62,960 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of C$81.08, for a total transaction of C$5,104,796.80.

About Royal Bank of Canada

Royal Bank of Canada (RBC) is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto financing and retail investment businesses; Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM); Insurance, which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets.

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Royal Bank of Canada (RY) Given “Neutral” Rating at Dundee Securities

Royal Bank of Canada (TSE:RY)‘s stock had its “neutral” rating reissued by stock analysts at Dundee Securities in a note issued to investors on Wednesday, StockTargetPrices.com reports. They presently have a C$87.00 price objective on the stock. Dundee Securities’ price target suggests a potential upside of 7.33% from the stock’s previous close.

Several other research analysts have also weighed in on RY. TD Securities upped their target price on shares of Royal Bank of Canada from C$79.00 to C$81.00 and gave the stock a “hold” rating in a research report on Friday, May 27th. Citigroup Inc. lowered their target price on shares of Royal Bank of Canada from C$89.00 to C$88.00 and set a “buy” rating on the stock in a research report on Thursday, June 2nd. CIBC upped their target price on shares of Royal Bank of Canada from C$84.00 to C$87.00 in a research report on Friday, September 2nd. Scotiabank upped their target price on shares of Royal Bank of Canada from C$85.00 to C$86.00 and gave the stock an “outperform” rating in a research report on Thursday, August 25th. Finally, Barclays PLC upped their target price on shares of Royal Bank of Canada from C$72.00 to C$74.00 and gave the stock an “underweight” rating in a research report on Thursday, August 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$84.23.

Analyst Recommendations for Royal Bank of Canada (TSE:RY)

Shares of Royal Bank of Canada (TSE:RY) traded up 0.39% during mid-day trading on Wednesday, hitting $81.38. 991,121 shares of the stock were exchanged. The company has a 50-day moving average of $80.68 and a 200 day moving average of $78.10. The stock has a market cap of $120.75 billion and a PE ratio of 11.86. Royal Bank of Canada has a one year low of $64.52 and a one year high of $83.00.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/royal-bank-of-canada-ry-given-neutral-rating-at-dundee-securities.html

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 24th. Investors of record on Wednesday, October 26th will be paid a dividend of $0.83 per share. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.81. This represents a $3.32 annualized dividend and a dividend yield of 4.10%.

In related news, insider Janice Rose Fukakusa sold 62,960 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of C$81.08, for a total transaction of C$5,104,796.80.

About Royal Bank of Canada

Royal Bank of Canada (RBC) is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto financing and retail investment businesses; Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM); Insurance, which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets.

Stock Target Prices

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