Royal Bank of Canada (RY) to Release Earnings on Wednesday
Royal Bank of Canada (TSE:RY) (NYSE:RY) is set to post its quarterly earnings results before the market opens on Wednesday, November 29th. Analysts expect Royal Bank of Canada to post earnings of C$1.90 per share for the quarter.
Royal Bank of Canada (RY) opened at C$100.92 on Wednesday. Royal Bank of Canada has a 52-week low of C$86.83 and a 52-week high of C$102.15.
Several research firms have recently commented on RY. CIBC raised their price target on Royal Bank of Canada from C$103.00 to C$113.00 in a research report on Monday, November 13th. Canaccord Genuity raised their price target on Royal Bank of Canada from C$100.00 to C$105.00 in a research report on Wednesday, November 1st. Eight Capital raised their price target on Royal Bank of Canada from C$102.00 to C$105.00 in a research report on Friday, August 25th. Barclays PLC raised their price target on Royal Bank of Canada from C$94.20 to C$96.00 in a research report on Friday, August 25th. Finally, National Bank Financial lowered their price target on Royal Bank of Canada from C$101.00 to C$99.00 and set a “sector perform” rating for the company in a research report on Thursday, August 24th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Royal Bank of Canada currently has an average rating of “Hold” and a consensus target price of C$100.83.
In other Royal Bank of Canada news, insider Jennifer Anne Tory sold 344 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of C$101.55, for a total value of C$34,933.20. Also, insider Alex Douglas Mcgregor sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of C$93.10, for a total value of C$931,000.00. Over the last quarter, insiders sold 19,632 shares of company stock worth $1,880,419.
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About Royal Bank of Canada
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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