Insider Selling: Royal Bank of Canada (RY) Director Sells 10,280 Shares of Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 10,280 shares of the company’s stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of C$95.83, for a total value of C$985,132.40.

David Ian Mckay also recently made the following trade(s):

  • On Monday, October 22nd, David Ian Mckay sold 10,282 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$98.35, for a total value of C$1,011,234.70.
  • On Monday, September 24th, David Ian Mckay sold 10,282 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$104.14, for a total value of C$1,070,767.48.

TSE:RY traded down C$0.94 during mid-day trading on Thursday, hitting C$94.94. 1,338,230 shares of the company’s stock traded hands, compared to its average volume of 2,188,247. Royal Bank of Canada has a twelve month low of C$93.13 and a twelve month high of C$108.52.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its earnings results on Wednesday, August 22nd. The financial services provider reported C$2.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$2.11 by C$0.03. The business had revenue of C$11.03 billion for the quarter, compared to analyst estimates of C$10.75 billion. Research analysts expect that Royal Bank of Canada will post 9.0181257766064 EPS for the current fiscal year.

Several equities research analysts have weighed in on RY shares. CIBC upped their target price on Royal Bank of Canada from C$109.00 to C$110.00 in a report on Thursday, August 23rd. BMO Capital Markets upped their target price on Royal Bank of Canada from C$106.00 to C$110.00 and gave the stock a “market perform” rating in a report on Thursday, August 23rd. Eight Capital upped their price objective on Royal Bank of Canada from C$119.00 to C$122.00 in a research note on Thursday, August 23rd. National Bank Financial upped their price objective on Royal Bank of Canada from C$109.00 to C$111.00 and gave the stock an “outperform” rating in a research note on Thursday, August 23rd. Finally, Barclays decreased their price objective on Royal Bank of Canada from C$104.00 to C$99.00 in a research note on Friday, November 16th. Three 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 has an average rating of “Buy” and a consensus price target of C$110.70.

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About Royal Bank of Canada

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.

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

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