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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.