Royal Bank of Canada (TSE:RY) Price Target Raised to C$241.00 at National Bank Financial

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its target price upped by National Bank Financial from C$235.00 to C$241.00 in a research note released on Tuesday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the financial services provider’s stock.

A number of other equities analysts also recently issued reports on the company. Canadian Imperial Bank of Commerce raised their price objective on Royal Bank of Canada from C$229.00 to C$242.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. TD Securities increased their target price on shares of Royal Bank of Canada from C$246.00 to C$260.00 in a research report on Monday, February 9th. Jefferies Financial Group boosted their price target on shares of Royal Bank of Canada from C$217.00 to C$220.00 in a research report on Wednesday, February 11th. Scotiabank upped their price objective on shares of Royal Bank of Canada from C$231.00 to C$242.00 in a research note on Friday, January 9th. Finally, Desjardins increased their price objective on shares of Royal Bank of Canada from C$240.00 to C$247.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$237.00.

Royal Bank of Canada Stock Up 0.0%

Shares of Royal Bank of Canada stock opened at C$230.99 on Tuesday. The stock has a market cap of C$323.43 billion, a price-to-earnings ratio of 16.42, 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$240.34. The company’s fifty day moving average is C$232.53 and its 200 day moving average is C$213.17.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its earnings results on Wednesday, December 3rd. The financial services provider reported C$3.85 earnings per share (EPS) for the quarter. Royal Bank of Canada had a return on equity of 13.27% and a net margin of 28.23%.The business had revenue of C$17.21 billion during the quarter. As a group, equities analysts anticipate that Royal Bank of Canada will post 12.3454675 earnings per share for the current fiscal year.

Insider Activity at Royal Bank of Canada

In related news, Director David Ian Mckay sold 91,288 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of C$228.75, for a total transaction of C$20,882,130.00. Following the transaction, the director owned 5,873 shares in the company, valued at C$1,343,448.75. The trade was a 93.96% decrease in their position.

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. and other countries.