Media headlines about Royal Bank of Canada (TSE:RY) (NYSE:RY) have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Royal Bank of Canada earned a media sentiment score of 1.06 on their scale. InfoTrie also gave news articles about the financial services provider an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Royal Bank of Canada’s ranking:
- Traders Give Thumbs Up to Trump-Xi Truce With Wary Eye on 2019 (finance.yahoo.com)
- OPEC Negotiates Cuts After Saudi-Russia Deal (finance.yahoo.com)
- [$$] Opec: why Trump has Saudi Arabia over a barrel (finance.yahoo.com)
- [$$] Toniic, partner of GIIN, wants to bring impact investing to China’s wealthy (finance.yahoo.com)
- Insider Selling: Royal Bank of Canada (RY) Insider Sells 10,000 Shares of Stock (americanbankingnews.com)
TSE:RY traded down C$0.74 during trading hours on Tuesday, reaching C$96.71. The company’s stock had a trading volume of 3,164,428 shares, compared to its average volume of 2,216,614. Royal Bank of Canada has a 1 year low of C$93.13 and a 1 year high of C$108.52.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Thursday, January 24th will be given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Wednesday, January 23rd. Royal Bank of Canada’s payout ratio is presently 46.84%.
A number of equities analysts recently commented on the stock. National Bank Financial lifted their target price on shares of Royal Bank of Canada from C$109.00 to C$111.00 and gave the stock an “outperform” rating in a research report on Thursday, August 23rd. Eight Capital lifted their target price on shares of Royal Bank of Canada from C$119.00 to C$122.00 in a research report on Thursday, August 23rd. CIBC lifted their target price on shares of Royal Bank of Canada from C$109.00 to C$110.00 in a research report on Thursday, August 23rd. BMO Capital Markets lifted their target price on shares of Royal Bank of Canada from C$106.00 to C$110.00 and gave the stock a “market perform” rating in a research report on Thursday, August 23rd. Finally, Barclays decreased their target price on shares of Royal Bank of Canada from C$104.00 to C$99.00 in a research report on Friday, November 16th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$110.89.
In other Royal Bank of Canada news, Director David Ian Mckay sold 10,282 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of C$104.14, for a total value of C$1,070,767.48. Also, insider Helena Gottschling sold 1,079 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of C$95.81, for a total transaction of C$103,378.99. In the last quarter, insiders purchased 900 shares of company stock worth $69,849 and sold 44,081 shares worth $4,369,460.
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Royal Bank of Canada Company Profile
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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