Royal Bank of Canada (TSE:RY) (NYSE:RY) has been given an average recommendation of “Hold” by the twelve analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$95.00.

Several equities research analysts recently commented on the company. TD Securities restated a “buy” rating on shares of Royal Bank of Canada in a research report on Monday, April 3rd. National Bank Financial restated a “sector perform” rating and set a C$99.00 target price on shares of Royal Bank of Canada in a research report on Friday, May 26th. Finally, Scotiabank upped their target price on Royal Bank of Canada from C$101.00 to C$102.00 and gave the company an “outperform” rating in a research report on Friday, May 26th.

COPYRIGHT VIOLATION NOTICE: “Royal Bank of Canada (TSE:RY) Given Average Rating of “Hold” by Analysts” was posted by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2017/07/24/royal-bank-of-canada-tsery-given-average-rating-of-hold-by-analysts.html.

In other Royal Bank of Canada news, Director David Ian Mckay sold 3,578 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of C$92.82, for a total value of C$332,109.96. Also, insider Jennifer Anne Tory sold 362 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of C$92.87, for a total value of C$33,618.94. In the last quarter, insiders sold 38,628 shares of company stock worth $3,586,873.

Shares of Royal Bank of Canada (TSE:RY) opened at 94.75 on Monday. Royal Bank of Canada has a 52-week low of $78.24 and a 52-week high of $99.90. The stock’s 50 day moving average price is $94.31 and its 200-day moving average price is $95.07. The firm has a market cap of $138.04 billion and a price-to-earnings ratio of 12.90.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Wednesday, July 26th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, July 24th. This represents a $3.48 annualized dividend and a dividend yield of 3.67%.

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.

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

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.