2 weeks Ago By Defense World Staff
Shares of Royal Bank of Canada ( TSE:RY – Get Free Report ) (NYSE:RY) have been given a consensus recommendation of “Buy” by the twelve analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company.
The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$163.38. Several brokerages recently issued reports on RY.
BMO Capital Markets increased their target price on shares of Royal Bank of Canada from C$151.00 to C$165.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 29th.
Barclays boosted their target price on Royal Bank of Canada from C$145.00 to C$150.00 in a research report on Tuesday, August 20th.
Canaccord Genuity Group raised their price objective on Royal Bank of Canada from C$159.50 to C$172.00 in a research note on Thursday, August 29th.
Jefferies Financial Group lowered their target price on Royal Bank of Canada from C$168.00 to C$165.00 and set a “buy” rating on the stock in a research report on Monday, August 12th.
Finally, TD Securities lifted their price target on shares of Royal Bank of Canada from C$171.00 to C$178.00 in a research report on Thursday, August 29th.
Check Out Our Latest Report on Royal Bank of Canada Insiders Place Their Bets Royal Bank of Canada Price Performance RY opened at C$170.42 on Wednesday. Royal Bank of Canada has a fifty-two week low of C$115.
28 and a fifty-two week high of C$175.04. The company’s 50 day moving average price is C$167.
32 and its two-hundred day moving average price is C$153.30. The firm has a market capitalization of C$240.
29 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 3.42 and a beta of 0.
84. Royal Bank of Canada ( TSE:RY – Get Free Report ) (NYSE:RY) last announced its earnings results on Wednesday, August 28th. The financial services provider reported C$3.
26 EPS for the quarter, topping the consensus estimate of C$2.95 by C$0.31.
Royal Bank of Canada had a return on equity of 13.68% and a net margin of 28.67%.
The firm had revenue of C$14.63 billion for the quarter, compared to the consensus estimate of C$14.27 billion.
As a group, equities research analysts predict that Royal Bank of Canada will post 12.3454675 EPS for the current year. Royal Bank of Canada Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd.
Investors of record on Friday, November 22nd will be issued a $1.42 dividend. This represents a $5.
68 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, October 24th.
Royal Bank of Canada’s dividend payout ratio (DPR) is currently 50.31%. About Royal Bank of Canada ( Get Free Report 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. See Also Five stocks we like better than Royal Bank of Canada What does consumer price index measure? Palantir Cracks $50, Is There Still Time to Get on Board? 3 Grocery Stocks That Can Help Take a Bite Out of Inflation Insider Buying Signals Upside for These 3 Stocks What Are Dividend Champions? How to Invest in the Champions These 2 Big Players Are Set to Compete With Elon Musk’s Starlink Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter .
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