Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY has been assigned a C$203.00 target price by equities research analysts at National Bankshares in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the financial services provider's stock. National Bankshares' target price points to a potential downside of 1.49% from the stock's current price.
Other research analysts have also recently issued research reports about the company. BMO Capital Markets lifted their price objective on Royal Bank of Canada from C$190.00 to C$203.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. TD Securities lifted their price objective on Royal Bank of Canada from C$191.00 to C$208.00 and gave the company a "hold" rating in a research note on Thursday, August 28th. Bank of America lifted their price objective on Royal Bank of Canada from C$214.00 to C$227.00 in a research note on Thursday, August 28th. CIBC cut Royal Bank of Canada from an "outperform" rating to a "neutral" rating and set a C$208.00 price objective for the company. in a research note on Friday, September 5th. Finally, Cibc World Mkts cut Royal Bank of Canada from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 5th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Royal Bank of Canada presently has an average rating of "Moderate Buy" and a consensus target price of C$206.00.
Get Our Latest Stock Analysis on RY
Royal Bank of Canada Stock Performance
Shares of RY traded up C$0.56 on Monday, reaching C$206.06. The stock had a trading volume of 152,841 shares, compared to its average volume of 4,220,769. The firm has a market capitalization of C$290.61 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 3.42 and a beta of 1.17. The company has a 50-day simple moving average of C$190.06 and a 200-day simple moving average of C$176.37. Royal Bank of Canada has a 12-month low of C$151.25 and a 12-month high of C$206.90.
Insider Transactions at Royal Bank of Canada
In related news, Senior Officer Graeme Ashley Hepworth sold 308 shares of Royal Bank of Canada stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of C$182.30, for a total value of C$56,148.92. Also, Director David Ian Mckay sold 20,304 shares of the company's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of C$182.30, for a total value of C$3,701,453.72. Insiders sold 21,013 shares of company stock worth $3,830,706 over the last quarter.
Royal Bank of Canada Company Profile
(
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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.
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