Royal Bank of Canada (TSE:RY) PT Raised to C$163.00

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its target price raised by equities research analysts at Desjardins from C$156.00 to C$163.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the financial services provider’s stock. Desjardins’ price target would suggest a potential upside of 11.01% from the stock’s previous close.

Several other research firms have also commented on RY. National Bankshares lifted their price target on Royal Bank of Canada from C$154.00 to C$161.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Argus raised Royal Bank of Canada to a “strong-buy” rating in a report on Thursday, June 6th. UBS Group set a C$165.00 price objective on Royal Bank of Canada and gave the stock a “buy” rating in a report on Tuesday, July 2nd. BMO Capital Markets lowered Royal Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, May 31st. Finally, Scotiabank upped their target price on Royal Bank of Canada from C$148.00 to C$153.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$146.12.

Royal Bank of Canada Trading Down 1.4 %

Royal Bank of Canada stock traded down C$2.12 during midday trading on Tuesday, reaching C$146.84. 1,253,597 shares of the stock traded hands, compared to its average volume of 5,134,527. The company has a 50-day simple moving average of C$148.04 and a two-hundred day simple moving average of C$139.87. Royal Bank of Canada has a 12-month low of C$107.92 and a 12-month high of C$155.22. The firm has a market cap of C$207.04 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 10.64 and a beta of 0.83.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings data on Thursday, May 30th. The financial services provider reported C$2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.77 by C$0.15. The business had revenue of C$14.15 billion during the quarter, compared to analysts’ expectations of C$13.58 billion. Royal Bank of Canada had a return on equity of 13.66% and a net margin of 28.61%. Equities research analysts anticipate that Royal Bank of Canada will post 11.1525292 earnings per share for the current year.

Insider Activity at Royal Bank of Canada

In other Royal Bank of Canada news, Senior Officer Douglas Antony Guzman sold 54,354 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of C$145.15, for a total transaction of C$7,889,646.16. Following the completion of the transaction, the insider now owns 25 shares of the company’s stock, valued at approximately C$3,628.83. In other Royal Bank of Canada news, Senior Officer Bruce Washington Ross sold 12,170 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of C$141.46, for a total value of C$1,721,604.71. Following the transaction, the insider now directly owns 235 shares in the company, valued at C$33,243.81. Also, Senior Officer Douglas Antony Guzman sold 54,354 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of C$145.15, for a total transaction of C$7,889,646.16. Following the completion of the transaction, the insider now owns 25 shares in the company, valued at C$3,628.83. In the last 90 days, insiders sold 101,302 shares of company stock valued at $14,592,565.

About Royal Bank of Canada

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.