2 weeks Ago By ABMN Staff
Royal Bank of Canada ( TSE:RY – Get Free Report ) (NYSE:RY) had its price objective increased by Bank of America from C$162.00 to C$180.00 in a note issued to investors on Thursday, BayStreet.
CA reports. Bank of America ‘s target price would indicate a potential upside of 10.44% from the company’s current price.
A number of other research analysts have also weighed in on the company. CIBC raised their price objective on Royal Bank of Canada from C$155.00 to C$166.
00 in a research report on Thursday. BMO Capital Markets lowered Royal Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 31st. Jefferies Financial Group dropped their price target on Royal Bank of Canada from C$168.
00 to C$165.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Argus upgraded Royal Bank of Canada to a “strong-buy” rating in a research report on Thursday, June 6th.
Finally, Barclays lifted their price target on Royal Bank of Canada from C$145.00 to C$150.00 in a research report on Tuesday, August 20th.
Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Bank of Canada currently has a consensus rating of “Moderate Buy” and an average target price of C$161.
50. Get Our Latest Analysis on RY Royal Bank of Canada Stock Up 1.4 % Royal Bank of Canada ( TSE:RY – Get Free Report ) (NYSE:RY) last issued its quarterly earnings data 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 firm had revenue of C$14.63 billion during 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%. On average, equities analysts expect that Royal Bank of Canada will post 12.8601286 EPS for the current fiscal year.
Insider Activity In other news, Senior Officer Neil Mclaughlin sold 14,778 shares of Royal Bank of Canada 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. In other news, Senior Officer Neil Mclaughlin sold 14,778 shares of Royal Bank of Canada 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. Also, Senior Officer Bruce Washington Ross sold 12,170 shares of Royal Bank of Canada stock in a transaction that occurred on Monday, June 17th.
The shares were sold at an average price of C$141.46, for a total transaction of C$1,721,604.71.
Following the sale, the insider now directly owns 235 shares of the company’s stock, valued at approximately C$33,243.81. Over the last quarter, insiders sold 101,302 shares of company stock valued at $14,592,565.
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. Further Reading 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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