Royal Bank of Canada (TSE: RY) recently received a number of ratings updates from brokerages and research firms:

  • 11/30/2017 – Royal Bank of Canada had its price target raised by analysts at Scotiabank from C$110.00 to C$111.00. They now have a “sector perform” rating on the stock.
  • 11/30/2017 – Royal Bank of Canada had its price target raised by analysts at National Bank Financial from C$101.00 to C$105.00. They now have a “sector perform” rating on the stock.
  • 11/30/2017 – Royal Bank of Canada had its price target raised by analysts at Eight Capital from C$105.00 to C$107.00.
  • 11/30/2017 – Royal Bank of Canada had its price target raised by analysts at Desjardins from C$108.00 to C$109.00.
  • 11/30/2017 – Royal Bank of Canada had its price target raised by analysts at CSFB from C$105.00 to C$108.00. They now have an “outperform” rating on the stock.
  • 11/30/2017 – Royal Bank of Canada had its price target raised by analysts at Canaccord Genuity from C$105.00 to C$108.00.
  • 11/30/2017 – Royal Bank of Canada had its price target raised by analysts at BMO Capital Markets from C$100.00 to C$102.00. They now have a “market perform” rating on the stock.
  • 11/13/2017 – Royal Bank of Canada had its price target raised by analysts at CIBC from C$103.00 to C$113.00.
  • 11/1/2017 – Royal Bank of Canada had its price target raised by analysts at Canaccord Genuity from C$100.00 to C$105.00.

Shares of Royal Bank of Canada (TSE RY) traded down C$0.37 during trading hours on Wednesday, hitting C$100.94. The stock had a trading volume of 1,830,388 shares, compared to its average volume of 2,613,185. Royal Bank of Canada has a twelve month low of C$87.70 and a twelve month high of C$102.15.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, January 24th. Royal Bank of Canada’s dividend payout ratio is presently 47.54%.

In other news, insider Alex Douglas Mcgregor sold 7,403 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$101.73, for a total transaction of C$753,107.19. Also, Director Thierry Vandal bought 729 shares of the stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of C$91.91 per share, with a total value of C$67,002.39. In the last quarter, insiders sold 32,731 shares of company stock worth $3,209,901.

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.

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