2 weeks Ago By ABMN Staff
Royal Bank of Canada ( TSE:RY – Get Free Report ) (NYSE:RY) had its price objective hoisted by equities research analysts at Cormark from C$166.00 to C$171.00 in a report issued on Thursday, BayStreet.
CA reports. Cormark’s price objective would suggest a potential upside of 4.92% from the stock’s previous close.
A number of other equities analysts have also recently commented on RY. Argus raised shares of Royal Bank of Canada to a “strong-buy” rating in a research note on Thursday, June 6th. BMO Capital Markets cut shares of Royal Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 31st.
Jefferies Financial Group dropped their price target 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 research note on Monday, August 12th.
National Bankshares lifted their price target on shares of Royal Bank of Canada from C$160.00 to C$169.00 in a research note on Thursday.
Finally, Barclays lifted their price target on shares of Royal Bank of Canada from C$145.00 to C$150.00 in a research note on Tuesday, August 20th.
Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Royal Bank of Canada currently has an average rating of “Moderate Buy” and a consensus target price of C$161.50.
Get Our Latest Analysis on RY Royal Bank of Canada Stock Performance Royal Bank of Canada ( TSE:RY – Get Free Report ) (NYSE:RY) last posted its earnings results on Wednesday, August 28th. The financial services provider reported C$3.26 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.
95 by C$0.31. Royal Bank of Canada had a net margin of 28.
37% and a return on equity of 13.38%. The firm had revenue of C$14.
63 billion for the quarter, compared to the consensus estimate of C$14.27 billion. As a group, analysts forecast that Royal Bank of Canada will post 12.
8601286 EPS for the current fiscal year. Insider Buying and Selling In other Royal Bank of Canada news, Senior Officer Douglas Antony Guzman sold 54,354 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of C$145.
15, for a total transaction of C$7,889,646.16. Following the transaction, the insider now owns 25 shares in the company, valued at approximately C$3,628.
83. In other Royal Bank of Canada news, Senior Officer Douglas Antony Guzman sold 54,354 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of C$145.
15, for a total transaction of C$7,889,646.16. Following the transaction, the insider now owns 25 shares in the company, valued at approximately C$3,628.
83. Also, Senior Officer Neil Mclaughlin sold 14,778 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of C$146.
26, for a total transaction of C$2,161,474.61. Insiders sold a total of 101,302 shares of company stock worth $14,592,565 in the last 90 days.
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. See Also Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.
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