Royal Bank of Canada (RY) Director Acquires C$67,002.39 in Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Director Thierry Vandal bought 729 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of C$91.91 per share, for a total transaction of C$67,002.39.

Royal Bank of Canada (TSE:RY) traded down 0.14% on Friday, reaching $91.97. The company’s stock had a trading volume of 11,504,340 shares. Royal Bank of Canada has a 1-year low of $80.35 and a 1-year high of $99.90. The firm’s 50 day moving average price is $92.61 and its 200-day moving average price is $94.44. The company has a market capitalization of $134.09 billion and a price-to-earnings ratio of 12.56.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, October 26th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.96%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.87.

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A number of research analysts have recently issued reports on RY shares. Eight Capital upped their price target on Royal Bank of Canada from C$102.00 to C$105.00 in a report on Friday, August 25th. Barclays PLC upped their price target on Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday, August 25th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$100.00 price target on shares of Royal Bank of Canada in a report on Thursday, August 24th. Scotiabank upped their price target on Royal Bank of Canada from C$101.00 to C$102.00 and gave the company an “outperform” rating in a report on Friday, May 26th. Finally, National Bank Financial lowered their price target on Royal Bank of Canada from C$101.00 to C$99.00 and set a “sector perform” rating on the stock in a report on Thursday, August 24th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$99.75.

About Royal Bank of Canada

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

Insider Buying and Selling by Quarter for Royal Bank of Canada (TSE:RY)

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