Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY's stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$176.57 and traded as high as C$206.35. Royal Bank of Canada shares last traded at C$205.04, with a volume of 1,942,657 shares trading hands.
Analyst Ratings Changes
Several equities analysts have weighed in on RY shares. Desjardins boosted their target price on shares of Royal Bank of Canada from C$193.00 to C$214.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Cibc World Mkts lowered shares of Royal Bank of Canada from a "strong-buy" rating to a "hold" rating in a report on Friday, September 5th. National Bank Financial lowered shares of Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a report on Thursday, May 29th. BMO Capital Markets upped their price objective on shares of Royal Bank of Canada from C$190.00 to C$203.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Finally, Jefferies Financial Group upped their price objective on shares of Royal Bank of Canada from C$198.00 to C$207.00 in a report on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$206.00.
View Our Latest Analysis on Royal Bank of Canada
Royal Bank of Canada Stock Performance
The firm's 50 day moving average is C$190.58 and its two-hundred day moving average is C$176.57. The stock has a market capitalization of C$289.17 billion, a PE ratio of 15.51, a P/E/G ratio of 3.42 and a beta of 1.17.
Royal Bank of Canada Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 22nd were paid a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, July 24th. This is an increase from Royal Bank of Canada's previous quarterly dividend of $1.48. Royal Bank of Canada's payout ratio is currently 44.78%.
Insider Buying and Selling
In related news, Senior Officer Jennifer Kristine Publicover sold 401 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of C$182.30, for a total transaction of C$73,102.98. Following the sale, the insider directly owned 152 shares of the company's stock, valued at C$27,709.86. This represents a 72.51% decrease in their position. Also, Senior Officer Graeme Ashley Hepworth sold 308 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of C$182.30, for a total transaction of C$56,148.92. Insiders have sold a total of 21,013 shares of company stock valued at $3,830,706 in the last ninety days.
About Royal Bank of Canada
(
Get Free Report)
Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Royal Bank of Canada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Royal Bank of Canada wasn't on the list.
While Royal Bank of Canada currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
