Royal Bank of Canada (TSE:RY) Given a C$140.25 Price Target at Fundamental Research

Fundamental Research set a C$140.25 price objective on Royal Bank of Canada (TSE:RY – Get Rating) (NYSE:RY) in a research report report published on Tuesday morning, BayStreet.CA reports. The firm currently has a buy rating on the financial services provider’s stock.

RY has been the topic of several other research reports. National Bank Financial dropped their price target on shares of Royal Bank of Canada from C$147.00 to C$145.00 in a research note on Thursday, March 2nd. Keefe, Bruyette & Woods raised shares of Royal Bank of Canada from an underperform rating to a market perform rating and boosted their target price for the stock from C$129.00 to C$138.00 in a research report on Thursday, December 1st. Barclays boosted their target price on shares of Royal Bank of Canada from C$150.00 to C$151.00 in a research report on Thursday, March 2nd. CIBC dropped their target price on shares of Royal Bank of Canada from C$150.00 to C$147.00 and set an outperform rating for the company in a research report on Thursday, March 2nd. Finally, Credit Suisse Group dropped their target price on shares of Royal Bank of Canada from C$153.00 to C$151.00 in a research report on Thursday, March 2nd. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of C$145.05.

Royal Bank of Canada Trading Up 1.1 %

TSE:RY opened at C$132.76 on Tuesday. Royal Bank of Canada has a twelve month low of C$116.75 and a twelve month high of C$144.15. The firm has a market capitalization of C$184.54 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 2.32 and a beta of 0.73. The firm’s fifty day simple moving average is C$135.68 and its 200 day simple moving average is C$130.28.

Royal Bank of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Shareholders of record on Tuesday, April 25th will be given a $1.32 dividend. The ex-dividend date is Monday, April 24th. This represents a $5.28 dividend on an annualized basis and a yield of 3.98%. Royal Bank of Canada’s dividend payout ratio (DPR) is 51.11%.

Insider Activity

In other news, Director David Ian Mckay sold 4,130 shares of Royal Bank of Canada stock in a transaction on Monday, January 23rd. The stock was sold at an average price of C$134.77, for a total transaction of C$556,595.97. Following the transaction, the director now directly owns 5,873 shares in the company, valued at approximately C$791,498.34.

Royal Bank of Canada Company Profile

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Royal Bank of Canada operates as a diversified financial service company. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury, and Capital Markets. The Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions, as well as indirect lending, including auto financing; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.