Royal Bank of Canada (TSE:RY) Receives Average Rating of “Buy” from Analysts

Royal Bank of Canada (TSE:RY) (NYSE:RY) has received a consensus rating of “Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$181.67.

A number of research analysts recently weighed in on RY shares. Barclays raised shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. BMO Capital Markets decreased their price target on shares of Royal Bank of Canada from C$195.00 to C$193.00 in a research note on Thursday, December 5th. Jefferies Financial Group decreased their price target on shares of Royal Bank of Canada from C$197.00 to C$192.00 in a research note on Tuesday, February 18th. UBS Group raised their price target on shares of Royal Bank of Canada from C$192.00 to C$198.00 in a research note on Friday, March 7th. Finally, National Bankshares raised their price target on shares of Royal Bank of Canada from C$181.00 to C$188.00 in a research note on Thursday, December 5th.

Insider Transactions at Royal Bank of Canada

In other Royal Bank of Canada news, Senior Officer Douglas Antony Guzman sold 1,538 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of C$177.09, for a total value of C$272,363.80. Following the completion of the transaction, the insider now owns 25 shares in the company, valued at C$4,427.24. This represents a 98.40 % decrease in their ownership of the stock. Also, Director David Ian Mckay sold 20,304 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of C$175.12, for a total transaction of C$3,555,721.76. In the last three months, insiders sold 42,762 shares of company stock valued at $7,379,177.

Royal Bank of Canada Stock Performance

TSE:RY opened at C$160.00 on Tuesday. The firm’s fifty day moving average is C$170.28 and its two-hundred day moving average is C$170.54. Royal Bank of Canada has a one year low of C$131.57 and a one year high of C$180.45. The firm has a market cap of C$226.40 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 3.42 and a beta of 0.84.

Royal Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 3.70%. Royal Bank of Canada’s dividend payout ratio is presently 49.49%.

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.