Royal Bank of Canada (TSE:RY) PT Raised to C$150.00 at CIBC

Royal Bank of Canada (TSE:RYGet Free Report) (NYSE:RY) had its target price increased by analysts at CIBC from C$135.00 to C$150.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. CIBC’s price objective would suggest a potential upside of 0.68% from the stock’s previous close.

A number of other brokerages have also issued reports on RY. Jefferies Financial Group upgraded Royal Bank of Canada from a “hold” rating to a “buy” rating and raised their target price for the stock from C$136.00 to C$157.00 in a research note on Monday, May 13th. National Bankshares lifted their price objective on Royal Bank of Canada from C$148.00 to C$154.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Scotiabank lifted their price objective on Royal Bank of Canada from C$143.00 to C$148.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. TD Securities lifted their price objective on Royal Bank of Canada from C$156.00 to C$160.00 and gave the company a “buy” rating in a research note on Friday. Finally, Canaccord Genuity Group lifted their price objective on Royal Bank of Canada from C$142.00 to C$146.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$143.38.

View Our Latest Stock Report on RY

Royal Bank of Canada Price Performance

Shares of RY stock opened at C$148.98 on Friday. The firm has a market capitalization of C$210.06 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 10.64 and a beta of 0.83. The business has a fifty day moving average of C$138.74 and a 200 day moving average of C$133.32. Royal Bank of Canada has a 1 year low of C$107.92 and a 1 year high of C$149.22.

Royal Bank of Canada (TSE:RYGet Free Report) (NYSE:RY) last issued its earnings results on Wednesday, February 28th. The financial services provider reported C$2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.79 by C$0.06. The company had revenue of C$13.49 billion during the quarter, compared to analyst estimates of C$13.65 billion. Royal Bank of Canada had a return on equity of 13.66% and a net margin of 28.61%. As a group, equities research analysts expect that Royal Bank of Canada will post 11.1525292 earnings per share for the current year.

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.

Featured Stories

Analyst Recommendations for Royal Bank of Canada (TSE:RY)

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.