Royal Bank of Canada Has $225 Price Target Amid Moderate Buy Rating
Royal Bank of Canada (NYSE:RY) has received a consensus recommendation from analysts, who have a Moderate Buy rating on the stock. The company's price target is $225.00, based on the average 1-year target price among analysts that have issued ratings in the last year. Five research analysts have given the stock a hold rating, seven have given a buy rating, and one has given a strong buy rating to Royal Bank Of Canada.
The company's most recent quarterly earnings data was reported on August 27th, with earnings per share of $3.07 beating the consensus estimate of $2.89 by $0.18. The financial services provider had revenue of $13.22 billion during the quarter, compared to analyst estimates of $12.98 billion.
Royal Bank Of Canada also announced a quarterly dividend on Tuesday, November 24th, with a payout ratio of 43.39% and an annualized dividend yield of 3.5%. The company's debt-to-equity ratio is 0.10, its quick ratio is 0.81, and its current ratio is 0.81.