Royal Bank of Canada (TSE:RY) (NYSE:RY) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $104.67 and traded as high as $107.27. Royal Bank of Canada shares last traded at $107.06, with a volume of 1,945,004 shares.
Several analysts have recently issued reports on the company. Scotiabank decreased their price target on Royal Bank of Canada from C$117.00 to C$114.00 in a research note on Thursday, December 5th. Canaccord Genuity increased their target price on Royal Bank of Canada from C$104.00 to C$106.00 in a research note on Monday, November 25th. Desjardins downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. National Bank Financial decreased their target price on Royal Bank of Canada from C$117.00 to C$116.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, CIBC upgraded Royal Bank of Canada from a “neutral” rating to an “outperform” rating and increased their target price for the company from C$109.00 to C$120.00 in a research note on Thursday, November 21st.
The stock has a fifty day moving average of C$104.45 and a two-hundred day moving average of C$104.71. The stock has a market capitalization of $152.80 billion and a price-to-earnings ratio of 12.24.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings results on Wednesday, December 4th. The financial services provider reported C$2.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$2.29 by C($0.07). The firm had revenue of C$11.37 billion during the quarter, compared to analyst estimates of C$11.96 billion. On average, analysts anticipate that Royal Bank of Canada will post 9.7499999 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be paid a $1.05 dividend. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.03. The ex-dividend date is Friday, January 24th. This represents a $4.20 annualized dividend and a dividend yield of 3.92%. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 46.51%.
In other Royal Bank of Canada news, Director David Ian Mckay sold 8,258 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$108.86, for a total transaction of C$898,932.85. Following the transaction, the director now owns 5,873 shares of the company’s stock, valued at C$639,311.29. Also, Senior Officer Helena Gottschling sold 882 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of C$107.98, for a total value of C$95,240.12. Following the transaction, the insider now directly owns 1,415 shares in the company, valued at approximately C$152,794.53. In the last ninety days, insiders sold 17,398 shares of company stock worth $1,886,417.
Royal Bank of Canada Company Profile (TSE:RY)
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.
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