Royal Bank of Canada (TSE:RY) Stock Rating Lowered by TD Securities

TD Securities cut shares of Royal Bank of Canada ( TSE:RY – Free Report ) (NYSE:RY) from a buy rating to a hold rating in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm currently has C$180.00 price target on the financial services provider’s stock, up from their previous price target of C$178.

00. A number of other research analysts also recently commented on RY. CIBC boosted their target price on Royal Bank of Canada from C$166.



00 to C$167.00 in a research note on Friday, September 6th. BMO Capital Markets increased their price objective on Royal Bank of Canada from C$151.

00 to C$165.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 29th. Barclays raised their price objective on shares of Royal Bank of Canada from C$145.

00 to C$150.00 in a research report on Tuesday, August 20th. Cormark boosted their target price on shares of Royal Bank of Canada from C$166.

00 to C$171.00 in a research report on Thursday, August 29th. Finally, National Bankshares increased their price target on shares of Royal Bank of Canada from C$160.

00 to C$169.00 in a research note on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock.

Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$165.85.

Read Our Latest Analysis on RY Royal Bank of Canada Stock Performance Royal Bank of Canada ( TSE:RY – Get Free Report ) (NYSE:RY) last issued its earnings results on Wednesday, August 28th. The financial services provider reported C$3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.

95 by C$0.31. Royal Bank of Canada had a net margin of 28.

67% and a return on equity of 13.68%. The company had revenue of C$14.

63 billion during the quarter, compared to analyst estimates of C$14.27 billion. On average, equities analysts forecast that Royal Bank of Canada will post 12.

3454675 earnings per share for the current fiscal year. Royal Bank of Canada Dividend Announcement The company also recently announced 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. The ex-dividend date is Thursday, October 24th. This represents a $5.

68 annualized dividend and a yield of 3.31%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 50.

31%. Insiders Place Their Bets In related news, Senior Officer Douglas Antony Guzman sold 17,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$167.

95, for a total transaction of C$2,855,150.00. Following the transaction, the insider now owns 25 shares of the company’s stock, valued at approximately C$4,198.

75. The trade was a 99.85 % decrease in their ownership of the stock.

Also, Director David Ian Mckay sold 74,852 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of C$164.59, for a total transaction of C$12,320,115.

24. Insiders sold a total of 144,770 shares of company stock valued at $23,959,265 in the last quarter. 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. Featured Articles 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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