Royal Bank of Canada (RY) Insider Alex Douglas Mcgregor Sells 10,000 Shares
Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of C$93.10, for a total value of C$931,000.00.
Royal Bank of Canada (TSE:RY) traded up 0.76% on Wednesday, reaching $93.69. 1,780,671 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $92.59 and a 200-day moving average of $94.32. The company has a market cap of $136.60 billion and a P/E ratio of 12.80. Royal Bank of Canada has a 12-month low of $80.35 and a 12-month high of $99.90.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, October 26th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.91%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $0.87.
Several equities research analysts recently issued reports on the company. Scotiabank lifted their price objective on Royal Bank of Canada from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a report on Friday, May 26th. National Bank Financial lowered their price objective 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. Barclays PLC lifted their price objective on Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday, August 25th. BMO Capital Markets reissued a “market perform” rating and issued a C$100.00 target price on shares of Royal Bank of Canada in a research note on Thursday, August 24th. Finally, Eight Capital raised their target price on shares of Royal Bank of Canada from C$102.00 to C$105.00 in a research note on Friday, August 25th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price 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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