Royal Bank of Canada (TSE:RY) Price Target Raised to C$150.00

Royal Bank of Canada (TSE:RYGet 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.

Royal Bank of Canada (TSE:RYGet Rating) (NYSE:RY) last posted its quarterly earnings data on Wednesday, August 24th. The financial services provider reported C$2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.67 by C($0.12). The company had revenue of C$12.13 billion during the quarter. On average, research analysts predict that Royal Bank of Canada will post 11.8399996 earnings per share for the current fiscal year.

Insider Activity

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

(Get Rating)

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.

Further Reading

Analyst Recommendations for Royal Bank of Canada (TSE:RY)

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