Royal Bank of Canada (TSE:RY) (NYSE:RY) Director Jeffery William Yabuki bought 300 shares of Royal Bank of Canada stock in a transaction that occurred on Tuesday, March 13th. The shares were acquired at an average cost of C$79.08 per share, for a total transaction of C$23,724.00.
Shares of Royal Bank of Canada stock traded down C$1.63 on Thursday, hitting C$100.64. The stock had a trading volume of 2,703,200 shares, compared to its average volume of 2,617,930. Royal Bank of Canada has a 1 year low of C$90.13 and a 1 year high of C$108.52. The stock has a market capitalization of $149,280.00, a P/E ratio of 13.47 and a beta of 0.73.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its earnings results on Friday, February 23rd. The financial services provider reported C$2.17 EPS for the quarter, topping analysts’ consensus estimates of C$1.97 by C$0.20. Royal Bank of Canada had a return on equity of 16.49% and a net margin of 26.17%. The firm had revenue of C$10.83 billion for the quarter, compared to the consensus estimate of C$9.82 billion.
Several analysts have weighed in on the company. Canaccord Genuity boosted their price target on Royal Bank of Canada from C$105.00 to C$108.00 in a research note on Thursday, November 30th. BMO Capital Markets reiterated a “market perform” rating and set a C$106.00 price target on shares of Royal Bank of Canada in a research note on Monday, February 26th. CIBC downgraded Royal Bank of Canada from an “outperform” rating to a “neutral” rating and boosted their price target for the company from C$113.00 to C$114.00 in a research note on Thursday, February 1st. Citigroup boosted their price target on Royal Bank of Canada from C$118.00 to C$120.00 in a research note on Tuesday, December 12th. Finally, Eight Capital upgraded Royal Bank of Canada from a “neutral” rating to a “buy” rating and boosted their price target for the company from C$107.00 to C$113.00 in a research note on Monday, December 11th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$110.80.
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Royal Bank of Canada Company Profile
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.
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