Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price target boosted by National Bank Financial from C$105.00 to C$107.00 in a research report report published on Friday. They currently have a sector perform rating on the financial services provider’s stock. National Bank Financial also issued estimates for Royal Bank of Canada’s Q2 2018 earnings at $2.03 EPS and Q3 2018 earnings at $2.10 EPS.
Other equities analysts also recently issued reports about the company. CIBC lifted their target price on Royal Bank of Canada from C$103.00 to C$113.00 in a research report on Monday, November 13th. Canaccord Genuity lifted their target price on Royal Bank of Canada from C$100.00 to C$105.00 in a research report on Wednesday, November 1st. Eight Capital lifted their price objective on Royal Bank of Canada from C$105.00 to C$107.00 in a research note on Thursday, November 30th. Desjardins lifted their price objective on Royal Bank of Canada from C$108.00 to C$109.00 in a research note on Thursday, November 30th. Finally, Citigroup lifted their price objective on Royal Bank of Canada from C$118.00 to C$120.00 in a research note on Tuesday, December 12th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of C$107.58.
Royal Bank of Canada (RY) traded up C$0.08 during midday trading on Friday, reaching C$105.16. The company’s stock had a trading volume of 1,880,800 shares, compared to its average volume of 2,110,000. The firm has a market cap of $153,580.00, a P/E ratio of 13.91 and a beta of 0.72. Royal Bank of Canada has a 52 week low of C$90.13 and a 52 week high of C$105.44.
In related news, insider Alex Douglas Mcgregor sold 7,403 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$101.73, for a total transaction of C$753,107.19. Also, Director David Ian Mckay sold 5,352 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of C$101.53, for a total value of C$543,388.56. Insiders sold a total of 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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