Royal Bank of Canada (TSE:RY – Get Rating) (NYSE:RY) had its price target decreased by Scotiabank from C$163.00 to C$150.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 9.60% from the company’s current price.
Other equities research analysts have also issued reports about the company. Canaccord Genuity Group boosted their target price on Royal Bank of Canada from C$148.00 to C$150.00 in a report on Thursday, February 17th. CIBC upgraded Royal Bank of Canada from a “neutral” rating to a “buy” rating and reduced their target price for the stock from C$151.00 to C$149.00 in a report on Monday. TD Securities boosted their target price on Royal Bank of Canada from C$150.00 to C$165.00 in a report on Tuesday, February 15th. National Bankshares boosted their target price on Royal Bank of Canada from C$140.00 to C$147.00 in a report on Wednesday, February 23rd. Finally, Fundamental Research reduced their target price on Royal Bank of Canada from C$152.07 to C$151.16 and set a “buy” rating for the company in a report on Monday, March 7th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$147.44.
Shares of Royal Bank of Canada stock opened at C$136.86 on Wednesday. The firm has a market cap of C$193.88 billion and a price-to-earnings ratio of 12.18. Royal Bank of Canada has a 52-week low of C$114.91 and a 52-week high of C$149.60. The stock has a 50-day simple moving average of C$140.24 and a 200-day simple moving average of C$136.19.
In other Royal Bank of Canada news, Director David Ian Mckay sold 4,077 shares of the company’s stock in a transaction on Monday, January 24th. The stock was sold at an average price of C$141.40, for a total value of C$576,483.32. Following the sale, the director now directly owns 5,873 shares in the company, valued at C$830,435.74. Also, Senior Officer Helena Gottschling sold 404 shares of the company’s stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of C$141.65, for a total value of C$57,226.60. Following the completion of the sale, the insider now owns 1,328 shares in the company, valued at C$188,111.20. Over the last 90 days, insiders have sold 13,039 shares of company stock worth $1,849,173.
About Royal Bank of Canada (Get Rating)
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.
- Lululemon Rises On Wave Of Price Target Increases
- 3 Stellar Steel Stocks to Buy Now
- Is Nvidia (NASDAQ: NVDA) About To Rip Higher?
- The Top Is In For Infosys
- Fasten Your Seatbelts, Fastenal Is About To Move Higher
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.com's FREE daily email newsletter.