Royal Bank of Canada (RY) Receiving Somewhat Positive News Coverage, Study Shows

News articles about Royal Bank of Canada (NYSE:RY) (TSE:RY) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Royal Bank of Canada earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.8641651891541 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Shares of Royal Bank of Canada (NYSE RY) traded down $0.20 during mid-day trading on Tuesday, reaching $80.53. The company had a trading volume of 471,300 shares, compared to its average volume of 970,248. Royal Bank of Canada has a 1 year low of $66.66 and a 1 year high of $80.98. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The stock has a market cap of $117,001.88, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be paid a dividend of $0.7157 per share. The ex-dividend date is Wednesday, January 24th. This represents a $2.86 annualized dividend and a yield of 3.55%. Royal Bank of Canada’s dividend payout ratio (DPR) is 49.83%.

Several research analysts have recently commented on the company. BMO Capital Markets reissued a “hold” rating and issued a $102.00 price target on shares of Royal Bank of Canada in a research report on Wednesday, November 29th. Macquarie started coverage on Royal Bank of Canada in a research note on Tuesday, October 24th. They set an “underperform” rating on the stock. Canaccord Genuity restated a “hold” rating and set a $105.00 target price on shares of Royal Bank of Canada in a research note on Wednesday, November 29th. Zacks Investment Research upgraded Royal Bank of Canada from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Scotiabank restated a “hold” rating and set a $101.00 target price on shares of Royal Bank of Canada in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Royal Bank of Canada has a consensus rating of “Hold” and a consensus target price of $97.75.

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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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