Royal Bank of Canada (TSE:RY) (NYSE:RY) received a C$99.00 target price from research analysts at National Bank Financial in a report released on Friday. The brokerage presently has a “sector perform” rating on the financial services provider’s stock. National Bank Financial’s price objective suggests a potential upside of 5.41% from the stock’s current price.

RY has been the subject of several other research reports. CIBC raised their target price on Royal Bank of Canada from C$98.00 to C$99.00 in a research note on Wednesday, February 15th. TD Securities restated a “buy” rating and issued a C$105.00 target price on shares of Royal Bank of Canada in a research note on Monday, February 27th. Scotiabank raised their target price on Royal Bank of Canada from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research note on Monday, February 27th. Keefe, Bruyette & Woods raised their target price on Royal Bank of Canada from C$92.00 to C$99.00 and gave the stock a “market perform” rating in a research note on Monday, February 27th. Finally, Barclays PLC lifted their price target on Royal Bank of Canada from C$77.00 to C$84.00 in a research report on Monday, February 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$95.23.

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

Shares of Royal Bank of Canada (TSE:RY) traded up 0.19% on Friday, reaching $93.92. The company’s stock had a trading volume of 4,163,004 shares. The stock has a market cap of $138.56 billion and a P/E ratio of 13.11. Royal Bank of Canada has a 12 month low of $74.64 and a 12 month high of $99.90. The firm’s 50-day moving average price is $94.33 and its 200-day moving average price is $93.59.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Wednesday, July 26th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.71%.

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In other Royal Bank of Canada news, Director David Ian Mckay sold 3,578 shares of Royal Bank of Canada stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of C$95.95, for a total value of C$343,309.10. Also, insider Alex Douglas Mcgregor sold 25,000 shares of Royal Bank of Canada stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of C$97.55, for a total value of C$2,438,750.00. Over the last three months, insiders have sold 47,701 shares of company stock worth $4,650,454.

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. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

12 Month Chart for TSE:RY

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