Alex Douglas Mcgregor Sells 30,000 Shares of Royal Bank of Canada (RY) Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Alex Douglas Mcgregor sold 30,000 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of C$92.79, for a total value of C$2,783,700.00.

Royal Bank of Canada (TSE:RY) opened at 94.30 on Tuesday. The firm has a 50-day moving average price of $93.41 and a 200 day moving average price of $94.51. Royal Bank of Canada has a 52 week low of $74.64 and a 52 week high of $99.90. The company has a market cap of $137.39 billion and a P/E ratio of 12.84.

Insider Buying and Selling by Quarter for Royal Bank of Canada (TSE:RY)

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Wednesday, July 26th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.69%.

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Several research analysts have recently weighed in on the company. Scotiabank increased their price target on Royal Bank of Canada from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Friday, May 26th. CIBC upgraded Royal Bank of Canada from an “underperform” rating to a “market perform” rating in a research note on Monday, February 27th. National Bank Financial reiterated a “sector perform” rating on shares of Royal Bank of Canada in a research note on Monday, February 20th. TD Securities reiterated a “buy” rating and set a C$105.00 price target on shares of Royal Bank of Canada in a research note on Monday, February 27th. Finally, Keefe, Bruyette & Woods increased their price target on Royal Bank of Canada from C$92.00 to C$99.00 and gave the stock a “market perform” rating in a research note on Monday, February 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$95.83.

About Royal Bank of Canada

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.

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