Royal Bank of Canada (TSE:RY) PT Raised to C$135.00

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective lifted by CSFB from C$132.00 to C$135.00 in a report published on Monday morning, BayStreet.CA reports.

RY has been the topic of a number of other reports. CIBC reiterated a neutral rating and set a C$133.00 price target on shares of Royal Bank of Canada in a research report on Thursday, May 27th. Bank of America raised their target price on shares of Royal Bank of Canada from C$125.00 to C$132.00 and gave the stock a buy rating in a report on Wednesday, May 19th. National Bankshares raised their target price on shares of Royal Bank of Canada from C$130.00 to C$137.00 and gave the stock an outperform rating in a report on Friday, May 28th. Fundamental Research upgraded shares of Royal Bank of Canada from a hold rating to a buy rating and raised their target price for the stock from C$102.97 to C$127.27 in a report on Tuesday, March 2nd. Finally, BMO Capital Markets raised their target price on shares of Royal Bank of Canada from C$131.00 to C$139.00 and gave the stock a market perform rating in a report on Friday, May 28th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Royal Bank of Canada currently has an average rating of Buy and a consensus price target of C$134.56.

Shares of TSE RY opened at C$124.70 on Monday. Royal Bank of Canada has a one year low of C$89.11 and a one year high of C$126.90. The company’s 50 day simple moving average is C$120.43. The company has a market capitalization of C$177.71 billion and a PE ratio of 12.67.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 24th. Investors of record on Monday, July 26th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.46%. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 43.89%.

In other Royal Bank of Canada news, Senior Officer Rod Bolger sold 578 shares of the firm’s stock in a transaction on Thursday, April 22nd. The stock was sold at an average price of C$115.40, for a total transaction of C$66,701.20. Following the completion of the transaction, the insider now owns 2,051 shares of the company’s stock, valued at C$236,685.40. Also, Director David Ian Mckay sold 5,322 shares of the firm’s stock in a transaction on Thursday, April 22nd. The shares were sold at an average price of C$115.29, for a total value of C$613,587.75. Following the transaction, the director now directly owns 5,873 shares of the company’s stock, valued at approximately C$677,114.03. In the last quarter, insiders sold 17,102 shares of company stock worth $2,025,430.

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, 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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