Royal Bank of Canada (TSE:RY) PT Set at C$179.00 by National Bankshares
Several other equities analysts also recently issued reports on RY. Jefferies Financial Group cut their price target on shares of Royal Bank of Canada from C$195.00 to C$180.00 in a report on Monday, April 21st. Cibc World Mkts upgraded shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 3rd. UBS Group lowered their price objective on shares of Royal Bank of Canada from C$198.00 to C$196.00 in a research report on Thursday. Cormark lowered their price objective on shares of Royal Bank of Canada from C$194.00 to C$189.00 in a research report on Friday, February 28th. Finally, CIBC upgraded shares of Royal Bank of Canada from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$167.00 to C$168.00 in a research report on Friday, April 4th. One research analyst has rated the stock with a hold rating, five have given a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$180.33.
View Our Latest Stock Report on RY
Shares of RY stock opened at C$176.08 on Thursday. Royal Bank of Canada has a 12-month low of C$140.53 and a 12-month high of C$180.45. The company has a market capitalization of C$249.15 billion, a P/E ratio of 15.34, a P/E/G ratio of 3.42 and a beta of 0.84. The firm has a 50-day moving average price of C$164.66 and a 200 day moving average price of C$169.39.
In related news, Senior Officer Graeme Ashley Hepworth sold 308 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of C$169.67, for a total transaction of C$52,257.10. Also, Director David Ian Mckay sold 20,304 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of C$169.67, for a total transaction of C$3,444,896.43. Insiders sold a total of 82,942 shares of company stock worth $13,809,909 in the last quarter.
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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