Analysts Set Royal Bank Of Canada (RY) Price Target at $85.00

Shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) have earned an average rating of “Hold” from the seventeen analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $85.00.

RY has been the topic of several recent analyst reports. Zacks Investment Research upgraded Royal Bank Of Canada from a “sell” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Wednesday, August 9th. Canaccord Genuity began coverage on Royal Bank Of Canada in a report on Tuesday, July 18th. They issued a “hold” rating for the company. BidaskClub raised Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Scotiabank lowered Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report on Monday, August 21st. Finally, Howard Weil lowered Royal Bank Of Canada to a “sector perform” rating in a report on Monday, August 21st.

ILLEGAL ACTIVITY WARNING: “Analysts Set Royal Bank Of Canada (RY) Price Target at $85.00” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://ledgergazette.com/2017/09/24/analysts-set-royal-bank-of-canada-ry-price-target-at-85-00.html.

Royal Bank Of Canada (RY) traded down 0.09% on Wednesday, hitting $74.53. The stock had a trading volume of 751,980 shares. The company’s 50 day moving average is $74.15 and its 200 day moving average is $72.13. Royal Bank Of Canada has a 12-month low of $60.50 and a 12-month high of $76.01. The firm has a market cap of $108.66 billion, a PE ratio of 12.91 and a beta of 1.05.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Wednesday, August 23rd. The financial services provider reported $1.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by $0.01. Royal Bank Of Canada had a return on equity of 16.63% and a net margin of 22.98%. The business had revenue of $7.43 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same quarter last year, the firm posted $1.72 EPS. On average, equities research analysts expect that Royal Bank Of Canada will post $6.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, October 26th will be issued a $0.724 dividend. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $0.64. This represents a $2.90 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Wednesday, October 25th. Royal Bank Of Canada’s payout ratio is currently 48.55%.

Large investors have recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. bought a new position in shares of Royal Bank Of Canada during the first quarter valued at approximately $123,000. Quadrant Capital Group LLC grew its holdings in shares of Royal Bank Of Canada by 4.0% during the second quarter. Quadrant Capital Group LLC now owns 1,709 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 65 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new position in shares of Royal Bank Of Canada during the second quarter valued at approximately $191,000. Proficio Capital Partners LLC grew its holdings in shares of Royal Bank Of Canada by 125.3% during the first quarter. Proficio Capital Partners LLC now owns 2,098 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Jolley Asset Management LLC grew its holdings in shares of Royal Bank Of Canada by 1.0% during the second quarter. Jolley Asset Management LLC now owns 2,425 shares of the financial services provider’s stock valued at $176,000 after purchasing an additional 25 shares during the last quarter. 40.65% of the

RY has been the topic of several recent analyst reports. Zacks Investment Research upgraded Royal Bank Of Canada from a “sell” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Wednesday, August 9th. Canaccord Genuity began coverage on Royal Bank Of Canada in a report on Tuesday, July 18th. They issued a “hold” rating for the company. BidaskClub raised Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Scotiabank lowered Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report on Monday, August 21st. Finally, Howard Weil lowered Royal Bank Of Canada to a “sector perform” rating in a report on Monday, August 21st.

ILLEGAL ACTIVITY WARNING: “Analysts Set Royal Bank Of Canada (RY) Price Target at $85.00” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://ledgergazette.com/2017/09/24/analysts-set-royal-bank-of-canada-ry-price-target-at-85-00.html.

Royal Bank Of Canada (RY) traded down 0.09% on Wednesday, hitting $74.53. The stock had a trading volume of 751,980 shares. The company’s 50 day moving average is $74.15 and its 200 day moving average is $72.13. Royal Bank Of Canada has a 12-month low of $60.50 and a 12-month high of $76.01. The firm has a market cap of $108.66 billion, a PE ratio of 12.91 and a beta of 1.05.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Wednesday, August 23rd. The financial services provider reported $1.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by $0.01. Royal Bank Of Canada had a return on equity of 16.63% and a net margin of 22.98%. The business had revenue of $7.43 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same quarter last year, the firm posted $1.72 EPS. On average, equities research analysts expect that Royal Bank Of Canada will post $6.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, October 26th will be issued a $0.724 dividend. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $0.64. This represents a $2.90 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Wednesday, October 25th. Royal Bank Of Canada’s payout ratio is currently 48.55%.

Large investors have recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. bought a new position in shares of Royal Bank Of Canada during the first quarter valued at approximately $123,000. Quadrant Capital Group LLC grew its holdings in shares of Royal Bank Of Canada by 4.0% during the second quarter. Quadrant Capital Group LLC now owns 1,709 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 65 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new position in shares of Royal Bank Of Canada during the second quarter valued at approximately $191,000. Proficio Capital Partners LLC grew its holdings in shares of Royal Bank Of Canada by 125.3% during the first quarter. Proficio Capital Partners LLC now owns 2,098 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Jolley Asset Management LLC grew its holdings in shares of Royal Bank Of Canada by 1.0% during the second quarter. Jolley Asset Management LLC now owns 2,425 shares of the financial services provider’s stock valued at $176,000 after purchasing an additional 25 shares during the last quarter. 40.65% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Royal Bank Of Canada (NYSE:RY)

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