Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective boosted by CSFB from C$108.00 to C$114.00 in a report released on Friday.

Several other equities analysts have also recently weighed in on RY. National Bank Financial boosted their price objective on Royal Bank of Canada from C$105.00 to C$107.00 and gave the stock a sector perform rating in a research report on Friday, January 12th. Eight Capital boosted their price objective on Royal Bank of Canada from C$105.00 to C$107.00 in a research report on Thursday, November 30th. Canaccord Genuity boosted their price objective on Royal Bank of Canada from C$105.00 to C$108.00 in a research report on Thursday, November 30th. BMO Capital Markets boosted their price objective on Royal Bank of Canada from C$100.00 to C$102.00 and gave the stock a market perform rating in a research report on Thursday, November 30th. Finally, Desjardins boosted their price objective on Royal Bank of Canada from C$108.00 to C$109.00 in a research report on Thursday, November 30th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Royal Bank of Canada has a consensus rating of Hold and an average price target of C$108.08.

Royal Bank of Canada (TSE RY) opened at C$108.05 on Friday. Royal Bank of Canada has a 12-month low of C$90.13 and a 12-month high of C$108.52. The firm has a market capitalization of $157,790.00, a PE ratio of 14.29 and a beta of 0.72.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings data on Wednesday, November 29th. The financial services provider reported C$1.92 earnings per share for the quarter, topping the consensus estimate of C$1.88 by C$0.04. Royal Bank of Canada had a return on equity of 16.63% and a net margin of 26.20%.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, January 24th. This represents a $3.64 annualized dividend and a yield of 3.37%. Royal Bank of Canada’s dividend payout ratio is 46.03%.

In other news, insider Jennifer Anne Tory sold 344 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of C$101.18, for a total value of C$34,805.92. Also, Director David Ian Mckay sold 5,352 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of C$101.19, for a total value of C$541,568.88. Insiders have sold 13,099 shares of company stock worth $1,329,482 over the last 90 days.

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Royal Bank of Canada Company Profile

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)

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