Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective boosted by stock analysts at CSFB from C$108.00 to C$114.00 in a research report issued to clients and investors on Friday. CSFB’s price objective points to a potential upside of 6.63% from the stock’s current price.
RY has been the topic of several other research reports. BMO Capital Markets increased their target price on Royal Bank of Canada from C$100.00 to C$102.00 and gave the company a “market perform” rating in a report on Thursday, November 30th. National Bank Financial increased their target price on Royal Bank of Canada from C$105.00 to C$107.00 and gave the company a “sector perform” rating in a report on Friday, January 12th. Canaccord Genuity increased their target price on Royal Bank of Canada from C$100.00 to C$105.00 in a report on Wednesday, November 1st. Eight Capital increased their target price on Royal Bank of Canada from C$105.00 to C$107.00 in a report on Thursday, November 30th. Finally, Desjardins increased their target price on Royal Bank of Canada from C$108.00 to C$109.00 in a report on Thursday, November 30th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Royal Bank of Canada presently has an average rating of “Hold” and an average target price of C$108.08.
Shares of Royal Bank of Canada (TSE RY) traded up C$0.63 during midday trading on Friday, hitting C$106.91. The stock had a trading volume of 2,507,180 shares, compared to its average volume of 1,987,108. The firm has a market capitalization of $157,270.00, a PE ratio of 14.14 and a beta of 0.72. Royal Bank of Canada has a twelve month low of C$90.13 and a twelve month high of C$107.18.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings data on Wednesday, November 29th. The financial services provider reported C$1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.88 by C$0.04. Royal Bank of Canada had a return on equity of 16.52% and a net margin of 28.00%.
In other Royal Bank of Canada news, Director Jeffery William Yabuki bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was acquired at an average price of C$79.63 per share, for a total transaction of C$79,630.00. Also, insider Jennifer Anne Tory sold 344 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of C$101.55, for a total transaction of C$34,933.20. Insiders have sold 18,795 shares of company stock valued at $1,907,804 in the last quarter.
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Royal Bank of Canada Company Profile
Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.
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