Royal Bank of Canada (TSE:RY) Receives C$181.67 Consensus Price Target from Analysts

Shares of Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY have earned a consensus rating of "Buy" from the ten analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$181.67.

Several brokerages have recently issued reports on RY. Jefferies Financial Group decreased their target price on shares of Royal Bank of Canada from C$197.00 to C$192.00 in a research report on Tuesday, February 18th. CIBC dropped their target price on Royal Bank of Canada from C$175.00 to C$167.00 in a report on Wednesday, March 5th. TD Securities dropped their price target on shares of Royal Bank of Canada from C$180.00 to C$178.00 and set a "hold" rating for the company in a research note on Friday, February 28th. National Bankshares increased their price objective on shares of Royal Bank of Canada from C$181.00 to C$188.00 in a research report on Thursday, December 5th. Finally, Canaccord Genuity Group raised their price objective on shares of Royal Bank of Canada from C$188.00 to C$191.00 in a research note on Thursday, December 5th.

Royal Bank of Canada Stock Up 0.6 %

TSE RY traded up C$1.03 during trading hours on Tuesday, reaching C$161.03. The company's stock had a trading volume of 4,075,585 shares, compared to its average volume of 4,319,163. The company has a market capitalization of C$227.86 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 1 year low of C$131.57 and a 1 year high of C$180.45. The firm's 50-day moving average price is C$170.28 and its 200-day moving average price is C$170.54.

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Royal Bank of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 3.68%. Royal Bank of Canada's dividend payout ratio (DPR) is 49.49%.

Insider Activity at Royal Bank of Canada

In other news, Director David Ian Mckay sold 20,304 shares of Royal Bank of Canada stock in a transaction dated Monday, February 24th. The shares were sold at an average price of C$169.67, for a total value of C$3,444,896.43. Also, Senior Officer Graeme Ashley Hepworth sold 308 shares of the company's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of C$175.12, for a total transaction of C$53,938.25. Over the last quarter, insiders have sold 42,762 shares of company stock worth $7,379,177.

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.