Royal Bank of Canada (TSE:RY) Given a C$203.00 Price Target at National Bankshares

National Bankshares set a C$203.00 price objective on Royal Bank of Canada (TSE:RY) (NYSE:RY) in a report released on Monday,BayStreet.CA reports. The firm currently has a sector perform rating on the financial services provider’s stock.

RY has been the topic of a number of other reports. Scotiabank increased their target price on Royal Bank of Canada from C$186.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Canaccord Genuity Group increased their target price on Royal Bank of Canada from C$201.00 to C$219.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. CIBC cut Royal Bank of Canada from an “outperform” rating to a “neutral” rating and set a C$208.00 target price on the stock. in a research note on Friday, September 5th. National Bank Financial cut Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 29th. Finally, Jefferies Financial Group increased their target price on Royal Bank of Canada from C$198.00 to C$207.00 in a research note on Wednesday, August 13th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Royal Bank of Canada presently has an average rating of “Moderate Buy” and an average target price of C$206.00.

Royal Bank of Canada Trading Up 1.2%

TSE RY opened at C$205.50 on Monday. Royal Bank of Canada has a 12 month low of C$151.25 and a 12 month high of C$206.90. The stock has a market cap of C$289.82 billion, a P/E ratio of 15.54, a P/E/G ratio of 3.42 and a beta of 1.17. The stock’s fifty day moving average price is C$190.06 and its 200-day moving average price is C$176.37.

Royal Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 22nd were given a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a dividend yield of 3.0%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend was Thursday, July 24th. Royal Bank of Canada’s payout ratio is 44.78%.

Insider Activity at Royal Bank of Canada

In other Royal Bank of Canada news, Senior Officer Jennifer Kristine Publicover sold 401 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of C$182.30, for a total value of C$73,102.98. Following the transaction, the insider owned 152 shares of the company’s stock, valued at approximately C$27,709.86. This represents a 72.51% decrease in their ownership of the stock. Also, Director David Ian Mckay sold 20,304 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of C$182.30, for a total value of C$3,701,453.72. Insiders have sold 21,013 shares of company stock valued at $3,830,706 over the last ninety days.

Royal Bank of Canada Company Profile

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.