Insider Selling: Royal Bank of Canada (RY) Insider Sells 1,080 Shares of Stock
Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Helena Gottschling sold 1,080 shares of Royal Bank of Canada stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of C$108.12, for a total value of C$116,769.60.
Shares of Royal Bank of Canada (TSE RY) traded up C$0.33 on Tuesday, reaching C$108.05. The company had a trading volume of 3,140,935 shares, compared to its average volume of 2,139,611. The stock has a market cap of $156,750.00, a PE ratio of 14.29 and a beta of 0.72. Royal Bank of Canada has a twelve month low of C$90.13 and a twelve month high of C$108.52.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its quarterly earnings data on Wednesday, November 29th. The financial services provider reported C$1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.88 by C$0.04. Royal Bank of Canada had a return on equity of 16.63% and a net margin of 26.20%.
A number of equities research analysts have weighed in on RY shares. Canaccord Genuity lifted their target price on Royal Bank of Canada from C$100.00 to C$105.00 in a report on Wednesday, November 1st. CIBC boosted their price objective on Royal Bank of Canada from C$103.00 to C$113.00 in a report on Monday, November 13th. BMO Capital Markets boosted their price objective on Royal Bank of Canada from C$100.00 to C$102.00 and gave the company a “market perform” rating in a report on Thursday, November 30th. CSFB boosted their price objective on Royal Bank of Canada from C$105.00 to C$108.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. Finally, Desjardins boosted their price objective on Royal Bank of Canada from C$108.00 to C$109.00 in a report on Thursday, November 30th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of C$108.08.
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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.
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