Royal Bank of Canada (TSE:RY) Price Target Raised to C$260.00 at TD Securities

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective increased by TD Securities from C$246.00 to C$260.00 in a research report released on Monday,BayStreet.CA reports.

RY has been the subject of several other reports. Natl Bk Canada upgraded Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Barclays upped their price objective on Royal Bank of Canada from C$221.00 to C$227.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. UBS Group lifted their target price on shares of Royal Bank of Canada from C$225.00 to C$238.00 in a research report on Tuesday, November 25th. BMO Capital Markets boosted their target price on shares of Royal Bank of Canada from C$229.00 to C$245.00 in a report on Wednesday, December 17th. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Royal Bank of Canada from C$220.00 to C$229.00 and gave the company a “neutral” rating in a research report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Royal Bank of Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of C$231.38.

Royal Bank of Canada Price Performance

Shares of Royal Bank of Canada stock opened at C$236.29 on Monday. The company’s 50 day moving average price is C$231.34 and its two-hundred day moving average price is C$210.89. The firm has a market capitalization of C$330.86 billion, a P/E ratio of 16.79, a P/E/G ratio of 3.42 and a beta of 1.28. Royal Bank of Canada has a fifty-two week low of C$151.25 and a fifty-two week high of C$240.34.

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

Insider Transactions at Royal Bank of Canada

In other Royal Bank of Canada news, Director David Ian Mckay sold 91,288 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 5,873 shares in the company, valued at approximately C$1,343,448.75. This trade represents 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.