2 weeks Ago By ABMN Staff
Royal Bank of Canada ( TSE:RY – Get Free Report ) (NYSE:RY) had its price target boosted by Canaccord Genuity Group from C$159.50 to C$172.00 in a research note issued to investors on Thursday, BayStreet.
CA reports. Canaccord Genuity Group’s price objective would suggest a potential upside of 5.53% from the stock’s previous close.
A number of other equities analysts also recently weighed in on the company. National Bankshares upped their target price on Royal Bank of Canada from C$160.00 to C$169.
00 in a report on Thursday. Cormark boosted their price target on Royal Bank of Canada from C$166.00 to C$171.
00 in a research note on Thursday. CIBC boosted their price target on Royal Bank of Canada from C$155.00 to C$166.
00 in a research note on Thursday. TD Securities boosted their price target on Royal Bank of Canada from C$171.00 to C$178.
00 in a research note on Thursday. Finally, UBS Group set a C$165.00 price target on Royal Bank of Canada and gave the company a “buy” rating in a research note on Tuesday, July 2nd.
Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$161.
50. View Our Latest Analysis on Royal Bank of Canada Royal Bank of Canada Stock Up 1.4 % Royal Bank of Canada ( TSE:RY – Get Free Report ) (NYSE:RY) last issued its earnings results on Wednesday, August 28th.
The financial services provider reported C$3.26 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.95 by C$0.
31. The company had revenue of C$14.63 billion for the quarter, compared to the consensus estimate 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 analysts anticipate that Royal Bank of Canada will post 12.8601286 EPS for the current year.
Insider Activity In other news, Senior Officer Douglas Antony Guzman sold 54,354 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of C$145.15, for a total value of C$7,889,646.
16. Following the completion of the sale, the insider now directly owns 25 shares of the company’s stock, valued at C$3,628.83.
In other news, Senior Officer Bruce Washington Ross sold 12,170 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of C$141.46, for a total value of C$1,721,604.
71. Following the completion of the sale, the insider now directly owns 235 shares of the company’s stock, valued at C$33,243.81.
Also, Senior Officer Douglas Antony Guzman sold 54,354 shares of the 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 value of C$7,889,646.
16. Following the completion of the sale, the insider now directly owns 25 shares of the company’s stock, valued at C$3,628.83.
Over the last three months, insiders sold 101,302 shares of company stock valued at $14,592,565. Royal Bank of Canada Company Profile ( 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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