Royal Bank of Canada (RY) PT Raised to C$114.00 at CSFB
Royal Bank of Canada (TSE:RY) (NYSE:RY) had its target price increased by equities researchers at CSFB from C$108.00 to C$114.00 in a research report issued on Friday. CSFB’s target price suggests a potential upside of 6.63% from the company’s previous close.
A number of other research analysts have also recently weighed in on the stock. National Bank Financial raised their price objective on shares of Royal Bank of Canada from C$105.00 to C$107.00 and gave the stock a “sector perform” rating in a research note on Friday, January 12th. Citigroup raised their price objective on shares of Royal Bank of Canada from C$118.00 to C$120.00 in a research note on Tuesday, December 12th. Eight Capital raised shares of Royal Bank of Canada from a “neutral” rating to a “buy” rating and raised their price objective for the stock from C$107.00 to C$113.00 in a research note on Monday, December 11th. Scotiabank raised their price objective on shares of Royal Bank of Canada from C$110.00 to C$111.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 30th. Finally, Desjardins raised their price objective on shares of Royal Bank of Canada from C$108.00 to C$109.00 in a research note on Thursday, November 30th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$108.08.
Royal Bank of Canada (TSE RY) traded up C$0.63 during mid-day trading on Friday, hitting C$106.91. 2,507,180 shares of the stock were exchanged, compared to its average volume of 1,987,108. Royal Bank of Canada has a 52 week low of C$90.13 and a 52 week high of C$107.18. The firm has a market cap of $157,270.00, a P/E ratio of 14.14 and a beta of 0.72.
In other news, insider Jennifer Anne Tory sold 344 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of C$101.18, for a total transaction of C$34,805.92. Also, Director Jeffery William Yabuki acquired 1,000 shares of the stock in a transaction dated Tuesday, December 5th. The shares were bought at an average cost of C$79.63 per share, with a total value of C$79,630.00. Insiders sold a total of 18,795 shares of company stock valued at $1,907,804 over the last ninety days.
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Royal Bank of Canada Company Profile
Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.
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