Royal Bank of Canada (TSE:RY – Get Rating) (NYSE:RY) had its price target lifted by investment analysts at CSFB from C$143.00 to C$150.00 in a report released on Tuesday, BayStreet.CA reports. CSFB’s price target points to a potential upside of 11.37% from the stock’s current price.
RY has been the subject of a number of other reports. National Bankshares increased their price objective on Royal Bank of Canada from C$147.00 to C$148.00 and gave the stock an “outperform” rating in a report on Thursday, August 25th. Canaccord Genuity Group decreased their price objective on Royal Bank of Canada from C$131.50 to C$130.50 in a report on Thursday, August 25th. Scotiabank increased their price objective on Royal Bank of Canada from C$144.00 to C$149.00 in a report on Tuesday. Cormark increased their price target on Royal Bank of Canada from C$147.00 to C$151.00 and gave the company a “buy” rating in a research report on Thursday, August 25th. Finally, Fundamental Research reissued a “buy” rating and set a C$143.00 price target on shares of Royal Bank of Canada in a research report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$143.42.
Royal Bank of Canada Stock Performance
TSE:RY opened at C$134.69 on Tuesday. The company has a market cap of C$187.45 billion and a PE ratio of 12.27. Royal Bank of Canada has a 52-week low of C$116.75 and a 52-week high of C$149.60. The stock has a 50-day simple moving average of C$126.11 and a 200 day simple moving average of C$126.20.
In other news, Director David Ian Mckay sold 4,078 shares of the firm’s stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of C$124.89, for a total value of C$509,291.63. Following the completion of the sale, the director now directly owns 5,873 shares of the company’s stock, valued at C$733,464.87. Insiders sold a total of 12,234 shares of company stock valued at $1,559,529 over the last three months.
Royal Bank of Canada Company Profile
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.
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