Royal Bank of Canada (TSE:RY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Royal Bank of Canada (TSE:RY) (NYSE:RY) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$229.77.

Several research analysts have recently commented on RY shares. Barclays increased their price target on shares of Royal Bank of Canada from C$221.00 to C$227.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. BMO Capital Markets increased their target price on shares of Royal Bank of Canada from C$229.00 to C$245.00 in a research report on Wednesday, December 17th. UBS Group boosted their price target on Royal Bank of Canada from C$225.00 to C$238.00 in a research report on Tuesday, November 25th. Raymond James Financial upped their price target on Royal Bank of Canada from C$229.00 to C$239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Finally, Desjardins boosted their target price on Royal Bank of Canada from C$230.00 to C$240.00 and gave the stock a “buy” rating in a report on Thursday, December 18th.

Royal Bank of Canada Price Performance

RY opened at C$227.52 on Friday. The company has a market capitalization of C$318.58 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 3.42 and a beta of 1.32. Royal Bank of Canada has a fifty-two week low of C$151.25 and a fifty-two week high of C$240.34. The business has a 50-day moving average of C$228.85 and a 200-day moving average of C$208.03.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported C$3.85 EPS for the quarter. The firm had revenue of C$17.21 billion for the quarter. Royal Bank of Canada had a return on equity of 13.27% and a net margin of 28.23%. On average, equities research analysts expect that Royal Bank of Canada will post 12.3454675 earnings per share for the current fiscal year.

Insider Buying and Selling at Royal Bank of Canada

In other 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 value of C$20,882,130.00. Following the completion of the sale, the director directly owned 5,873 shares in the company, valued at approximately C$1,343,448.75. The trade was a 93.96% decrease in their ownership of the stock.

About Royal Bank of Canada

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.