Royal Bank of Canada (RY) PT Set at C$99.00 by National Bank Financial
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.
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%.
WARNING: “Royal Bank of Canada (RY) PT Set at C$99.00 by National Bank Financial” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/05/26/royal-bank-of-canada-ry-pt-set-at-c99-00-by-national-bank-financial.html.
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.
Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.