Royal Bank of Canada (RY) PT Raised to C$107.00 at National Bank Financial

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price target boosted by National Bank Financial from C$105.00 to C$107.00 in a research report report published on Friday. They currently have a sector perform rating on the financial services provider’s stock. National Bank Financial also issued estimates for Royal Bank of Canada’s Q2 2018 earnings at $2.03 EPS and Q3 2018 earnings at $2.10 EPS.

Other equities analysts also recently issued reports about the company. CIBC lifted their target price on Royal Bank of Canada from C$103.00 to C$113.00 in a research report on Monday, November 13th. Canaccord Genuity lifted their target price on Royal Bank of Canada from C$100.00 to C$105.00 in a research report on Wednesday, November 1st. Eight Capital lifted their price objective on Royal Bank of Canada from C$105.00 to C$107.00 in a research note on Thursday, November 30th. Desjardins lifted their price objective on Royal Bank of Canada from C$108.00 to C$109.00 in a research note on Thursday, November 30th. Finally, Citigroup lifted their price objective on Royal Bank of Canada from C$118.00 to C$120.00 in a research note on Tuesday, December 12th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of C$107.58.

Royal Bank of Canada (RY) traded up C$0.08 during midday trading on Friday, reaching C$105.16. The company’s stock had a trading volume of 1,880,800 shares, compared to its average volume of 2,110,000. The firm has a market cap of $153,580.00, a P/E ratio of 13.91 and a beta of 0.72. Royal Bank of Canada has a 52 week low of C$90.13 and a 52 week high of C$105.44.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Wednesday, January 24th. Royal Bank of Canada’s payout ratio is presently 46.03%.

In related news, insider Alex Douglas Mcgregor sold 7,403 shares of the business’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 David Ian Mckay sold 5,352 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of C$101.53, for a total value of C$543,388.56. Insiders sold a total of 18,795 shares of company stock valued at $1,907,804 in the last quarter.

WARNING: This article was first reported by Markets Daily and is the property of of Markets Daily. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.themarketsdaily.com/2018/01/13/royal-bank-of-canada-ry-pt-raised-to-c107-00-at-national-bank-financial.html.

Royal Bank of Canada Company Profile

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.

Analyst Recommendations for Royal Bank of Canada (TSE:RY)

Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply