Royal Bank of Canada (TSE:RY) (NYSE:RY) – Equities researchers at National Bank Financial lifted their Q3 2017 earnings per share estimates for shares of Royal Bank of Canada in a note issued to investors on Thursday. National Bank Financial analyst G. Dechaine now expects that the financial services provider will post earnings per share of $1.85 for the quarter, up from their previous forecast of $1.83. National Bank Financial has a “Sector Perform” rating and a $99.00 price target on the stock. National Bank Financial also issued estimates for Royal Bank of Canada’s Q4 2017 earnings at $1.84 EPS, FY2017 earnings at $7.49 EPS, Q1 2018 earnings at $1.96 EPS, Q2 2018 earnings at $2.00 EPS and FY2018 earnings at $7.96 EPS.

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Separately, Scotiabank lifted their price objective on shares of Royal Bank of Canada from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Royal Bank of Canada currently has a consensus rating of “Hold” and a consensus price target of C$95.83.

Royal Bank of Canada (TSE RY) opened at 92.25 on Monday. The company’s 50-day moving average is $94.07 and its 200-day moving average is $95.06. Royal Bank of Canada has a 12 month low of $79.75 and a 12 month high of $99.90. The stock has a market capitalization of $134.40 billion and a P/E ratio of 12.56.

In other news, insider Alex Douglas Mcgregor sold 30,000 shares of Royal Bank of Canada stock in a transaction on Thursday, June 15th. The stock was sold at an average price of C$92.79, for a total transaction of C$2,783,700.00. Also, Director David Ian Mckay sold 5,352 shares of Royal Bank of Canada stock in a transaction on Monday, July 24th. The stock was sold at an average price of C$93.65, for a total value of C$501,214.80. Insiders have sold 40,400 shares of company stock valued at $3,756,065 in the last three months.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders 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 3.77%. The ex-dividend date of this dividend is Monday, July 24th.

Royal Bank of Canada Company Profile

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.

Earnings History and Estimates for Royal Bank of Canada (TSE:RY)

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