Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) The price target was lowered by analysts at National Bankshares from CAD 161.00 to CAD 160.00 in a research note published on Friday, BayStreet.CA reports. The company currently has an “outperform” rating on the financial services provider’s stock. National Bankshares’ price target would imply a potential upside of 4.44% from the stock’s current price.
RY has been the subject of a number of other research reports. Desjardins raised their price target on Royal Bank of Canada from C$156.00 to C$163.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. BMO Capital Markets downgraded Royal Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 31st. CIBC raised their price target on Royal Bank of Canada from C$135.00 to C$150.00 and gave the stock a “neutral” rating in a research report on Friday, May 31st. Scotiabank increased their price target on shares of Royal Bank of Canada from C$148.00 to C$153.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Finally, Argus upgraded Royal Bank of Canada to a “strong buy” rating in a research report on Thursday, June 6. Two equities analysts have rated the stock as a “sell,” four have rated it as a “hold,” ten have rated it as a “buy,” and one has rated it as a “strong buy.” According to data from MarketBeat, Royal Bank of Canada currently has a consensus rating of “moderate buy” and a consensus price target of C$146.53.
Check out our latest report on Royal Bank of Canada
Royal Bank of Canada share price development
RY shares opened at C$153.20 on Friday. The stock has a market cap of C$217.54 billion, a P/E ratio of 14.03, a PEG ratio of 10.64 and a beta of 0.85. Royal Bank of Canada has a 1-year low of C$107.92 and a 1-year high of C$155.22. The company’s 50-day moving average is C$148.71 and its 200-day moving average is C$140.89.
Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) last released its quarterly earnings results on Thursday, May 30. The financial services provider reported earnings per share of C$2.92 for the quarter, beating analysts’ consensus estimates of C$2.77 by C$0.15. Royal Bank of Canada had a return on equity of 13.38% and a net margin of 28.37%. The company had revenue of C$14.15 billion for the quarter, compared to the consensus estimate of C$13.58 billion. Sell-side analysts forecast that Royal Bank of Canada will report earnings per share of C$12.588332 for the current year.
Insider activities at the Royal Bank of Canada
In other news, executive Bruce Washington Ross sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 21. The shares were sold at an average price of C$140.99, for a total value of C$2,819,840.00. Following the completion of the transaction, the insider now directly owns 235 shares of the company’s stock, valued at C$33,133.12. In other news, executive Bruce Washington Ross sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 21. The shares were sold at an average price of C$140.99, for a total value of C$2,819,840.00. Following the completion of the sale, the insider now directly owns 235 shares of the company’s stock, valued at C$33,133.12. Also, executive officer Douglas Antony Guzman sold 54,354 shares of Royal Bank of Canada stock in a transaction that occurred on Tuesday, June 11. The shares were sold at an average price of C$145.15, for a total value of C$7,889,646.16. Following the transaction, the insider now directly owns 25 shares of the company’s stock, valued at C$3,628.83. Insiders sold 101,302 shares of the company’s stock, valued at $14,592,565, in the last 90 days.
Royal Bank of Canada Company Profile
(Get free report)
Royal Bank of Canada is a global diversified financial services company. The company’s Personal & Commercial Banking division offers checking and savings accounts, home equity financing, personal loans, private banking, indirect lending including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards and payment products and solutions, as well as loans, leasing, deposits, investments, foreign exchange, cash management, auto dealer financing, commercial products and services for small and medium-sized commercial enterprises.
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