Royal Bank of Canada (TSE:RY) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$169.19 and traded as high as C$174.37. Royal Bank of Canada shares last traded at C$174.19, with a volume of 3,524,911 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RY shares. TD Securities cut their price objective on Royal Bank of Canada from C$180.00 to C$178.00 and set a "hold" rating on the stock in a report on Friday, February 28th. UBS Group cut their target price on Royal Bank of Canada from C$198.00 to C$196.00 in a report on Tuesday. Cibc World Mkts raised Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. CIBC raised Royal Bank of Canada from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from C$167.00 to C$168.00 in a report on Friday, April 4th. Finally, Jefferies Financial Group cut their target price on Royal Bank of Canada from C$195.00 to C$180.00 in a report on Monday, April 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$179.83.

Royal Bank of Canada Trading Up 1.7%

The company has a 50-day moving average price of C$162.76 and a two-hundred day moving average price of C$169.19. The stock has a market capitalization of C$246.48 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.

Royal Bank of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 23rd will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Thursday, April 24th. Royal Bank of Canada's dividend payout ratio (DPR) is presently 49.49%.

Insider Transactions at Royal Bank of Canada

In other Royal Bank of Canada news, Senior Officer Jennifer Kristine Publicover sold 401 shares of the business's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of C$160.27, for a total transaction of C$64,266.71. Following the completion of the sale, the insider now directly owns 152 shares of the company's stock, valued at approximately C$24,360.45. The trade was a 72.51% decrease in their position. Also, Senior Officer Graeme Ashley Hepworth sold 308 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of C$169.67, for a total value of C$52,257.10. In the last ninety days, insiders sold 61,929 shares of company stock valued at $10,152,340.

Royal Bank of Canada Company Profile

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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