Royal Bank of Canada (RY) Director Acquires C$67,002.39 in Stock
Royal Bank of Canada (TSE:RY) (NYSE:RY) Director Thierry Vandal bought 729 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of C$91.91 per share, for a total transaction of C$67,002.39.
Royal Bank of Canada (TSE:RY) traded down 0.14% on Friday, reaching $91.97. The company’s stock had a trading volume of 11,504,340 shares. Royal Bank of Canada has a 1-year low of $80.35 and a 1-year high of $99.90. The firm’s 50 day moving average price is $92.61 and its 200-day moving average price is $94.44. The company has a market capitalization of $134.09 billion and a price-to-earnings ratio of 12.56.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, October 26th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.96%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.87.
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A number of research analysts have recently issued reports on RY shares. Eight Capital upped their price target on Royal Bank of Canada from C$102.00 to C$105.00 in a report on Friday, August 25th. Barclays PLC upped their price target on Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday, August 25th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$100.00 price target on shares of Royal Bank of Canada in a report on Thursday, August 24th. Scotiabank upped their price target on Royal Bank of Canada from C$101.00 to C$102.00 and gave the company an “outperform” rating in a report on Friday, May 26th. Finally, National Bank Financial lowered their price target on Royal Bank of Canada from C$101.00 to C$99.00 and set a “sector perform” rating on the stock in a report on Thursday, August 24th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$99.75.
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.
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