Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective raised by analysts at Barclays PLC from C$94.20 to C$96.00 in a note issued to investors on Friday. Barclays PLC’s price target would suggest a potential upside of 2.95% from the company’s current price.
Several other brokerages also recently commented on RY. National Bank Financial reiterated a “sector perform” rating and set a C$99.00 target price on shares of Royal Bank of Canada in a research note on Friday, May 26th. Scotiabank increased their target price on Royal Bank of Canada from C$101.00 to C$102.00 and gave the company an “outperform” rating in a research note on Friday, May 26th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a C$100.00 target price on shares of Royal Bank of Canada in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Royal Bank of Canada presently has an average rating of “Hold” and an average target price of C$99.75.
Royal Bank of Canada (RY) opened at 93.25 on Friday. The firm’s 50-day moving average price is $93.80 and its 200-day moving average price is $95.01. The firm has a market cap of $135.95 billion and a P/E ratio of 12.74. Royal Bank of Canada has a 52-week low of $79.75 and a 52-week high of $99.90.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://stocknewstimes.com/2017/08/27/barclays-plc-increases-royal-bank-of-canada-ry-price-target-to-c96-00.html.
In other news, insider Jennifer Anne Tory sold 364 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of C$91.78, for a total value of C$33,407.92. Also, Director Thierry Vandal sold 750 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of C$93.61, for a total value of C$70,207.50. Over the last 90 days, insiders sold 46,116 shares of company stock worth $4,280,680.
About Royal Bank of Canada
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.
Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.
