Thierry Vandal Sells 750 Shares of Royal Bank of Canada (RY) Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Director Thierry Vandal sold 750 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of C$93.61, for a total transaction of C$70,207.50.

Shares of Royal Bank of Canada (RY) traded down 0.71% on Tuesday, reaching $92.91. 1,138,531 shares of the company traded hands. Royal Bank of Canada has a one year low of $74.64 and a one year high of $99.90. The firm has a 50-day moving average price of $93.82 and a 200 day moving average price of $94.14. The company has a market capitalization of $135.36 billion and a PE ratio of 12.65.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Wednesday, July 26th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 3.72%.

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Several research firms have recently weighed in on RY. Barclays PLC upped their price target on shares of Royal Bank of Canada from C$77.00 to C$84.00 in a report on Monday, February 13th. CIBC upped their price target on shares of Royal Bank of Canada from C$98.00 to C$99.00 in a report on Wednesday, February 15th. Keefe, Bruyette & Woods upped their price target on shares of Royal Bank of Canada from C$83.00 to C$92.00 in a report on Tuesday, February 21st. National Bank Financial reiterated a “sector perform” rating on shares of Royal Bank of Canada in a report on Monday, February 20th. Finally, TD Securities reiterated a “buy” rating and issued a C$105.00 price target on shares of Royal Bank of Canada in a report on Monday, February 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Royal Bank of Canada currently has an average rating of “Hold” and a consensus 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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