Shares of Royal Bank of Canada (TSE:RY) (NYSE:RY) have earned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$95.00.

Several analysts have commented on the stock. National Bank Financial reaffirmed a “sector perform” rating and issued a C$99.00 price objective on shares of Royal Bank of Canada in a research report on Friday, May 26th. Scotiabank lifted their price objective on shares of Royal Bank of Canada from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research report on Friday, May 26th.

COPYRIGHT VIOLATION WARNING: “Royal Bank of Canada (RY) Given Consensus Rating of “Hold” by Analysts” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.watchlistnews.com/royal-bank-of-canada-ry-given-consensus-rating-of-hold-by-analysts/1502589.html.

Royal Bank of Canada (TSE RY) opened at 92.50 on Friday. The firm has a market cap of $134.76 billion and a price-to-earnings ratio of 12.59. The company has a 50-day moving average of $94.14 and a 200-day moving average of $95.07. Royal Bank of Canada has a 52 week low of $79.74 and a 52 week high of $99.90.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Wednesday, July 26th will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, July 24th. This represents a $3.48 annualized dividend and a yield of 3.76%.

In related news, Director Thierry Vandal sold 750 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of C$93.61, for a total transaction of C$70,207.50. Also, insider Alex Douglas Mcgregor sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of C$92.79, for a total transaction of C$2,783,700.00. In the last ninety days, insiders have sold 40,400 shares of company stock valued at $3,756,065.

About Royal Bank of Canada

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.

Analyst Recommendations for Royal Bank of Canada (TSE:RY)

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 Analyst Ratings Network's FREE daily email newsletter.