Royal Bank of Canada (TSE:RY – Get Rating) (NYSE:RY) Director David Ian Mckay sold 4,078 shares of Royal Bank of Canada stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of C$125.21, for a total value of C$510,585.99. Following the completion of the sale, the director now owns 5,873 shares of the company’s stock, valued at C$735,328.97.
David Ian Mckay also recently made the following trade(s):
- On Monday, August 22nd, David Ian Mckay sold 4,078 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$127.06, for a total value of C$518,149.86.
- On Friday, July 22nd, David Ian Mckay sold 4,078 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$124.42, for a total value of C$507,400.66.
Royal Bank of Canada Price Performance
Shares of RY opened at C$124.98 on Friday. The firm has a market cap of C$173.94 billion and a PE ratio of 11.38. The stock’s fifty day moving average price is C$125.24 and its two-hundred day moving average price is C$129.61. Royal Bank of Canada has a 1 year low of C$118.24 and a 1 year high of C$149.60.
Royal Bank of Canada Announces Dividend
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. CIBC decreased their price objective on Royal Bank of Canada from C$146.00 to C$140.00 in a report on Wednesday, September 7th. Canaccord Genuity Group decreased their price objective on Royal Bank of Canada from C$131.50 to C$130.50 in a report on Thursday, August 25th. Credit Suisse Group cut their target price on Royal Bank of Canada to C$143.00 and set an “outperform” rating on the stock in a research report on Thursday, August 25th. TD Securities cut their target price on Royal Bank of Canada from C$150.00 to C$145.00 and set a “buy” rating on the stock in a research report on Friday, May 27th. Finally, BMO Capital Markets cut their target price on Royal Bank of Canada from C$140.00 to C$132.00 in a research report on Friday, September 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Royal Bank of Canada currently has an average rating of “Moderate Buy” and an average target price of C$143.27.
Royal Bank of Canada Company Profile
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.
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