Royal Bank of Canada (TSE:RY) Director Buys C$67,002.39 in Stock

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

Shares of Royal Bank of Canada (TSE:RY) traded up 0.18% on Friday, hitting $94.40. The company’s stock had a trading volume of 1,181,566 shares. The company has a market cap of $137.63 billion and a price-to-earnings ratio of 12.90. Royal Bank of Canada has a 52 week low of $80.35 and a 52 week high of $99.90. The stock’s 50 day moving average is $92.59 and its 200-day moving average is $94.32.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, October 26th will be paid a $0.91 dividend. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $0.87. This represents a $3.64 annualized dividend and a yield of 3.86%.

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Several research firms have issued reports on RY. Scotiabank cut Royal Bank of Canada from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$102.00 to C$100.00 in a report on Monday, August 21st. BMO Capital Markets restated a “market perform” rating and issued a C$100.00 price target on shares of Royal Bank of Canada in a report on Thursday, August 24th. National Bank Financial lowered their target price 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. Barclays PLC increased their target price on Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday, August 25th. Finally, Eight Capital increased their target price on Royal Bank of Canada from C$102.00 to C$105.00 in a report on Friday, August 25th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of C$99.75.

Royal Bank of Canada Company Profile

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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