1 week Ago By ABMN Staff
Royal Bank of Canada ( TSE:RY – Get Free Report ) (NYSE:RY) had its price objective upped by research analysts at CIBC from C$166.00 to C$167.00 in a research note issued to investors on Friday, BayStreet.
CA reports. CIBC’s price objective would suggest a potential upside of 1.78% from the company’s current price.
RY has been the topic of a number of other reports. Canaccord Genuity Group boosted their target price on shares of Royal Bank of Canada from C$159.50 to C$172.
00 in a research report on Thursday, August 29th. National Bankshares boosted their price target on Royal Bank of Canada from C$160.00 to C$169.
00 in a research note on Thursday, August 29th. UBS Group set a C$165.00 price target on shares of Royal Bank of Canada and gave the stock a “buy” rating in a research report on Tuesday, July 2nd.
Bank of America upped their price target on shares of Royal Bank of Canada from C$162.00 to C$180.00 in a report on Thursday, August 29th.
Finally, Jefferies Financial Group decreased their price objective on shares of Royal Bank of Canada from C$168.00 to C$165.00 and set a “buy” rating for the company in a report on Monday, August 12th.
Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Royal Bank of Canada currently has a consensus rating of “Buy” and an average price target of C$161.57.
Read Our Latest Report on RY Royal Bank of Canada Trading Down 0.0 % Royal Bank of Canada ( TSE:RY – Get Free Report ) (NYSE:RY) last released its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$3.
26 EPS for the quarter, beating the consensus estimate of C$2.95 by C$0.31.
The company had revenue of C$14.63 billion for the quarter, compared to analyst estimates of C$14.27 billion.
Royal Bank of Canada had a return on equity of 13.38% and a net margin of 28.37%.
Equities research analysts expect that Royal Bank of Canada will post 12.8601286 EPS for the current fiscal year. Insider Buying and Selling In related news, Director David Ian Mckay sold 74,852 shares of the stock in a transaction dated Wednesday, September 4th.
The shares were sold at an average price of C$164.59, for a total value of C$12,320,115.24.
In other news, Director David Ian Mckay sold 74,852 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$164.59, for a total transaction of C$12,320,115.
24. Also, Senior Officer Douglas Antony Guzman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of C$165.
00, for a total value of C$2,475,000.00. Following the completion of the sale, the insider now owns 25 shares in the company, valued at C$4,125.
Insiders sold a total of 186,376 shares of company stock worth $28,872,206 in the last three months. About Royal Bank of Canada ( Get Free Report ) 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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