Royal Bank of Canada (TSE:RY – Get 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 MarketBeat.com, 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.
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
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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