Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) declared a quarterly dividend on Thursday, October 24th, RTT News reports. Shareholders of record on Friday, November 22nd will be given a dividend of 1.42 per share by the financial services provider on Friday, November 22nd. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, October 24th.
Royal Bank of Canada Stock Performance
TSE RY opened at C$172.86 on Wednesday. The stock has a 50-day simple moving average of C$163.54 and a two-hundred day simple moving average of C$150.91. The firm has a market capitalization of C$243.73 billion, a P/E ratio of 15.31, a PEG ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a fifty-two week low of C$107.92 and a fifty-two week high of C$175.04.
Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) last released its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$3.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of C$14.63 billion during the quarter, compared to analyst estimates of C$14.27 billion. As a group, analysts forecast that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.
Insider Buying and Selling at Royal Bank of Canada
Analyst Ratings Changes
RY has been the topic of a number of analyst reports. CIBC raised their target price on Royal Bank of Canada from C$166.00 to C$167.00 in a research report on Friday, September 6th. BMO Capital Markets raised their target price on Royal Bank of Canada from C$151.00 to C$165.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 29th. National Bankshares lifted their price objective on Royal Bank of Canada from C$160.00 to C$169.00 in a report on Thursday, August 29th. Cormark lifted their price objective on Royal Bank of Canada from C$166.00 to C$171.00 in a report on Thursday, August 29th. Finally, Desjardins lifted their price objective on Royal Bank of Canada from C$156.00 to C$163.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$163.38.
Read Our Latest Report on Royal Bank of Canada
About Royal Bank of Canada
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.
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