Economy

Royal Bank of Canada (RY) Stock Rating Lowered by CIBC

Analysts expect National Bank of Canada (OTCMKTS:NTIOF) to report $1.11 EPS on March, 7.They anticipate $0.10 EPS change or 9.90% from last quarter's $1.01 EPS. Scotia Capital maintained the shares of LB in report on Thursday, September 1 with "Sector Perform" rating. The company has market cap of $21.49 billion. Laurentian Bank of Canada had a net margin of 21.88% and a return on equity of 11.79%.

Among 7 analysts covering National Bank Of Canada (TSE:NA), 4 have Buy rating, 0 Sell and 3 Hold.

More notable recent Royal Bank of Canada (NYSE:RY) news were published by: Cbc.ca which released: "RBC funds new cybersecurity lab at University of Waterloo" on January 29, 2018, also Streetinsider.com with their article: "BofA/Merrill Lynch Double Upgrades Royal Bank of Canada (RY) to Buy" published on January 30, 2018, Nasdaq.com published: "Royal Bank Of Canada (RY) Ex-Dividend Date Scheduled for January 24, 2018" on January 23, 2018. Finally, Royal Bank of Canada lifted their target price on shares of National Bank of Canada from C$65.00 to C$70.00 and gave the stock an "outperform" rating in a research note on Monday, December 4th.

Royal Bank of Canada (NYSE:RY) opened at $83.35 on Tuesday. Canaccord Genuity raised their target price on Royal Bank of Canada from C$105.00 to C$108.00 in a research note on Thursday, November 30th.

In other National Bank of Canada news, Director Louis Vachon sold 73,232 shares of the business's stock in a transaction that occurred on Tuesday, December 5th. CIBC boosted their price target on shares of Laurentian Bank of Canada from C$61.00 to C$66.00 in a research note on Monday, November 13th. Barclays downgraded shares of National Bank of Canada from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, December 19th. BMO Capital Markets reiterated a "hold" rating and set a $102.00 price objective on shares of Royal Bank of Canada in a research report on Wednesday, November 29th. The company had revenue of C$267.97 million during the quarter, compared to analysts' expectations of C$257.83 million. Stockholders of record on Thursday, January 25th will be given a dividend of $0.7157 per share. This represents a $2.86 annualized dividend and a dividend yield of 3.43%.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. The ex-dividend date of this dividend is Wednesday, January 24th. River Wealth Advisors LLC increased its stake in Royal Bank of Canada by 2.9% during the third quarter. Mackenzie Financial Corp sold 112,790 shares as the company's stock declined 9.02% while stock markets rallied.

Mackenzie Financial Corp decreased its stake in Royal Bk Cda Montreal Que (RY) by 1.75% based on its latest 2017Q3 regulatory filing with the SEC.

COPYRIGHT VIOLATION WARNING: This piece was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another site, it was copied illegally and republished in violation of United States and worldwide trademark & copyright law. The legal version of this piece can be accessed at https://stocknewstimes.com/2018/02/03/equities-analysts-issue-forecasts-for-laurentian-bank-of-canadas-q1-2018-earnings-lb.html. The company was upgraded on Friday, June 3 by RBC Capital Markets. The companyÂ's UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, individuals, and military service members; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services.



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