Royal Bank of Canada PT Raised to C$86.00 at National Bank Financial (RY)

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Equities researchers at National Bank Financial increased their price target on shares of Royal Bank of Canada (TSE:RY) from C$82.00 to C$86.00 in a research report issued on Monday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 6.20% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC raised their price target on shares of Royal Bank of Canada from C$85.00 to C$86.00 in a research note on Monday. They now have a “sector perform” rating on the stock. Separately, analysts at CSFB raised their price target on shares of Royal Bank of Canada from C$92.00 to C$95.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Royal Bank of Canada from C$85.00 to C$86.00 in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Royal Bank of Canada currently has an average rating of “Buy” and a consensus price target of C$86.14.

Shares of Royal Bank of Canada (TSE:RY) opened at 80.98 on Monday. Royal Bank of Canada has a one year low of $63.76 and a one year high of $82.15. The stock’s 50-day moving average is $79.6 and its 200-day moving average is $74.95. The company has a market cap of $116.6 billion and a price-to-earnings ratio of 13.81.

The company also recently declared a quarterly dividend, which is scheduled for Monday, November 24th. Shareholders of record on Monday, October 27th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.70%.

Royal Bank of Canada (TSE:RY) is a diversified financial services company.

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