Desjardins Comments on Royal Bank of Canada’s FY2018 Earnings (TSE:RY)

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Stock analysts at Desjardins increased their FY2018 earnings per share (EPS) estimates for shares of Royal Bank of Canada in a note issued to investors on Monday, Zacks Investment Research reports. Desjardins analyst D. Young now anticipates that the financial services provider will post earnings of $7.89 per share for the year, up from their prior forecast of $7.85. Desjardins also issued estimates for Royal Bank of Canada’s FY2019 earnings at $8.51 EPS.

RY has been the topic of a number of other reports. CIBC boosted their price target on Royal Bank of Canada from C$103.00 to C$113.00 in a report on Monday, November 13th. Canaccord Genuity boosted their price target on Royal Bank of Canada from C$100.00 to C$105.00 in a report on Wednesday, November 1st. Eight Capital boosted their price target on Royal Bank of Canada from C$102.00 to C$105.00 in a report on Friday, August 25th. Barclays PLC boosted their price target on Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday, August 25th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$100.00 price target on shares of Royal Bank of Canada in a 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. The stock has an average rating of “Hold” and a consensus target price of C$100.83.

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Royal Bank of Canada (TSE RY) opened at C$101.33 on Tuesday. Royal Bank of Canada has a 52 week low of C$86.83 and a 52 week high of C$102.15.

In other news, insider Alex Douglas Mcgregor sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of C$93.10, for a total transaction of C$931,000.00. Also, insider Jennifer Anne Tory sold 344 shares of the company’s stock in a transaction that occurred 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. Insiders have sold a total of 25,328 shares of company stock worth $2,456,793 over the last ninety days.

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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Earnings History and Estimates for Royal Bank of Canada (TSE:RY)

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