Royal Bank of Canada (TSE:RY) Upgraded to “Outperform” at National Bankshares

Royal Bank of Canada (TSE:RY) (NYSE:RY) was upgraded by investment analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a report released on Monday,BayStreet.CA reports. The firm currently has a C$231.00 price target on the financial services provider’s stock, up from their previous price target of C$203.00. National Bankshares’ target price points to a potential upside of 11.71% from the company’s previous close.

RY has been the topic of a number of other reports. Scotiabank boosted their target price on Royal Bank of Canada from C$210.00 to C$218.00 in a report on Friday, October 10th. BMO Capital Markets upped their price objective on shares of Royal Bank of Canada from C$190.00 to C$203.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. TD Securities increased their price objective on shares of Royal Bank of Canada from C$208.00 to C$215.00 in a research report on Monday, November 10th. Cibc World Mkts downgraded shares of Royal Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 5th. Finally, Desjardins upped their price target on shares of Royal Bank of Canada from C$193.00 to C$214.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$209.31.

Royal Bank of Canada Stock Performance

Royal Bank of Canada stock traded up C$1.33 during midday trading on Monday, reaching C$206.79. 927,408 shares of the company’s stock were exchanged, compared to its average volume of 4,130,487. The stock’s 50-day simple moving average is C$204.22 and its 200 day simple moving average is C$188.51. The firm has a market cap of C$291.64 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 3.42 and a beta of 1.28. Royal Bank of Canada has a 52 week low of C$151.25 and a 52 week high of C$209.06.

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.