Royal Bank of Canada (TSE:RY) Receives C$181.67 Average PT from Analysts

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY has received an average recommendation of "Buy" from the ten analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$181.67.

Several equities research analysts recently commented on RY shares. Cormark reduced their price target on shares of Royal Bank of Canada from C$194.00 to C$189.00 in a research report on Friday, February 28th. Barclays raised Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 21st. Scotiabank dropped their price target on Royal Bank of Canada from C$197.00 to C$191.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Canaccord Genuity Group raised their price objective on Royal Bank of Canada from C$188.00 to C$191.00 in a research report on Thursday, December 5th. Finally, UBS Group lifted their target price on Royal Bank of Canada from C$192.00 to C$198.00 in a research note on Friday, March 7th.

Royal Bank of Canada Stock Up 0.8 %

Royal Bank of Canada stock traded up C$1.21 during midday trading on Tuesday, hitting C$160.22. The company's stock had a trading volume of 1,144,839 shares, compared to its average volume of 4,383,905. Royal Bank of Canada has a 12 month low of C$131.57 and a 12 month high of C$180.45. The company has a market capitalization of C$226.71 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. The stock's 50-day moving average price is C$171.13 and its 200-day moving average price is C$170.33.

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Royal Bank of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 3.69%. Royal Bank of Canada's dividend payout ratio (DPR) is currently 49.49%.

Insider Transactions at Royal Bank of Canada

In other Royal Bank of Canada news, Senior Officer Graeme Ashley Hepworth sold 308 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of C$169.67, for a total transaction of C$52,257.10. Also, Senior Officer Douglas Antony Guzman sold 1,538 shares of the firm's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of C$177.09, for a total transaction of C$272,363.80. Following the completion of the transaction, the insider now directly owns 25 shares of the company's stock, valued at approximately C$4,427.24. This trade represents a 98.40 % decrease in their position. In the last ninety days, insiders sold 42,762 shares of company stock valued at $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.