Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) Director David Ian Mckay sold 74,852 shares of Royal Bank of Canada stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$164.59, for a total value of C$12,320,115.24.
Royal Bank of Canada Price Performance
RY stock opened at C$164.08 on Friday. Royal Bank of Canada has a 1-year low of C$107.92 and a 1-year high of C$166.00. The business has a fifty day moving average price of C$153.30 and a 200-day moving average price of C$143.76. The stock has a market capitalization of C$232.99 billion, a P/E ratio of 14.53, a P/E/G ratio of 10.64 and a beta of 0.85.
Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) last posted its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$3.26 earnings per share for the quarter, topping the consensus estimate of C$2.95 by C$0.31. Royal Bank of Canada had a return on equity of 13.38% and a net margin of 28.37%. The firm had revenue of C$14.63 billion during the quarter, compared to analysts’ expectations of C$14.27 billion. As a group, analysts anticipate that Royal Bank of Canada will post 12.8601286 earnings per share for the current year.
Royal Bank of Canada Dividend Announcement
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on RY shares. Scotiabank dropped their price target on Royal Bank of Canada from C$157.00 to C$154.00 in a research report on Monday, August 19th. Argus upgraded Royal Bank of Canada to a “strong-buy” rating in a research report on Thursday, June 6th. National Bankshares lifted their price target on Royal Bank of Canada from C$160.00 to C$169.00 in a research report on Thursday, August 29th. TD Securities lifted their price target on Royal Bank of Canada from C$171.00 to C$178.00 in a research report on Thursday, August 29th. Finally, UBS Group set a C$165.00 price target on Royal Bank of Canada and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$161.57.
Get Our Latest Stock Analysis on RY
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.
Featured Stories
- Five stocks we like better than Royal Bank of Canada
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Does GTA VI Make Take-Two Interactive Stock an Irresistible Buy?
- How to Invest in Blue Chip Stocks
- Why HPE’s Dip Is a Prime Opportunity for Blue-Chip AI Investors
- 3 Small Caps With Big Return Potential
- Why Analysts See Big Upside for Occidental Petroleum Despite Lows
Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.