Royal Bank of Canada (TSE:RY) (NYSE:RY) – Research analysts at Desjardins increased their FY2018 earnings per share estimates for shares of Royal Bank of Canada in a research report issued to clients and investors on Monday. Desjardins analyst D. Young now expects that the financial services provider will post earnings of $7.89 per share for the year, up from their previous forecast of $7.85. Desjardins also issued estimates for Royal Bank of Canada’s FY2019 earnings at $8.51 EPS.

A number of other research firms have also recently issued reports on RY. Canaccord Genuity raised their price objective on Royal Bank of Canada from C$100.00 to C$105.00 in a research report on Wednesday, November 1st. National Bank Financial cut their price objective on Royal Bank of Canada from C$101.00 to C$99.00 and set a “sector perform” rating for the company in a research report on Thursday, August 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$100.00 price objective on shares of Royal Bank of Canada in a research report on Thursday, August 24th. Eight Capital raised their price objective on Royal Bank of Canada from C$102.00 to C$105.00 in a research report on Friday, August 25th. Finally, Barclays PLC lifted their price target on Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Royal Bank of Canada presently has an average rating of “Hold” and a consensus target price of C$100.25.

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Royal Bank of Canada (RY) traded down C$0.29 on Tuesday, hitting C$101.06. The stock had a trading volume of 1,000,956 shares, compared to its average volume of 1,880,000. Royal Bank of Canada has a 52 week low of C$82.60 and a 52 week high of C$102.15.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 26th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.60%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Wednesday, October 25th.

In other news, Director Thierry Vandal bought 729 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average cost of C$91.91 per share, with a total value of C$67,002.39. Also, Director David Ian Mckay sold 5,352 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of C$91.78, for a total value of C$491,206.56. Insiders sold a total of 25,348 shares of company stock worth $2,405,033 over the last three months.

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.

Earnings History and Estimates for Royal Bank of Canada (TSE:RY)

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