Royal Bank of Canada (TSE:RY) PT Set at C$218.00 by Scotiabank

Royal Bank of Canada (TSE:RY) (NYSE:RY) has been given a C$218.00 target price by equities research analysts at Scotiabank in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Scotiabank’s price objective indicates a potential upside of 1.37% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Erste Group Bank upgraded Royal Bank of Canada to a “strong-buy” rating in a report on Monday, September 22nd. Canaccord Genuity Group raised their target price on shares of Royal Bank of Canada from C$201.00 to C$219.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. BMO Capital Markets upped their price target on shares of Royal Bank of Canada from C$190.00 to C$203.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Bank of America increased their price objective on shares of Royal Bank of Canada from C$214.00 to C$227.00 in a research report on Thursday, August 28th. Finally, Cibc World Mkts cut shares of Royal Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Royal Bank of Canada has an average rating of “Moderate Buy” and a consensus target price of C$216.43.

Royal Bank of Canada Stock Up 0.2%

Shares of TSE RY opened at C$215.06 on Tuesday. The company’s fifty day moving average is C$205.85 and its 200-day moving average is C$190.81. The stock has a market cap of C$303.30 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 3.42 and a beta of 1.28. Royal Bank of Canada has a twelve month low of C$151.25 and a twelve month high of C$215.23.

Royal Bank of Canada Company Profile

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S.