Credit Suisse Group Increases Royal Bank of Canada (TSE:RY) Price Target to C$150.00

Royal Bank of Canada (TSE:RYGet Rating) (NYSE:RY) had its price objective hoisted by Credit Suisse Group to C$150.00 in a research report issued on Tuesday, Stock Target Advisor reports. Credit Suisse Group’s price target would indicate a potential upside of 11.37% from the company’s current price.

RY has been the topic of several other reports. Cormark upped their price target on shares of Royal Bank of Canada from C$147.00 to C$151.00 and gave the company a “buy” rating in a report on Thursday, August 25th. Fundamental Research reiterated a “buy” rating and set a C$143.00 price target on shares of Royal Bank of Canada in a report on Wednesday, September 7th. CIBC dropped their target price on shares of Royal Bank of Canada from C$146.00 to C$140.00 in a research note on Wednesday, September 7th. National Bankshares upped their target price on shares of Royal Bank of Canada from C$147.00 to C$148.00 and gave the stock an “outperform” rating in a research note on Thursday, August 25th. Finally, Barclays upped their target price on shares of Royal Bank of Canada from C$137.00 to C$140.00 in a research note on Monday, November 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from, the company has an average rating of “Moderate Buy” and a consensus price target of C$143.42.

Royal Bank of Canada Trading Down 0.1 %

Shares of TSE:RY opened at C$134.69 on Tuesday. The company has a market capitalization of C$187.45 billion and a price-to-earnings ratio of 12.27. Royal Bank of Canada has a 12 month low of C$116.75 and a 12 month high of C$149.60. The firm’s 50-day moving average is C$126.11 and its 200 day moving average is C$126.20.

Royal Bank of Canada (TSE:RYGet Rating) (NYSE:RY) last issued its quarterly earnings results on Wednesday, August 24th. The financial services provider reported C$2.55 EPS for the quarter, missing the consensus estimate of C$2.67 by C($0.12). The company had revenue of C$12.13 billion for the quarter. As a group, equities analysts forecast that Royal Bank of Canada will post 11.8399996 EPS for the current fiscal year.

Insider Transactions at Royal Bank of Canada

In other news, Director David Ian Mckay sold 4,078 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The shares were 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 owns 5,873 shares of the company’s stock, valued at approximately C$733,464.87. In the last quarter, insiders sold 12,234 shares of company stock valued at $1,559,529.

About Royal Bank of Canada

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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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