RBC Capital Hits New 52-Week High at $66.30 (RY)
Shares of RBC Capital (NYSE:RY) hit a new 52-week high during trading on Wednesday, AmericanBankingNews.com reports. The stock traded as high as $66.30 and last traded at $66.09, with a volume of 371,956 shares trading hands. The stock had previously closed at $65.77.
A number of analysts have recently weighed in on RY shares. Analysts at Rafferty Capital Markets upgraded shares of RBC Capital from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, September 10th. They now have a $70.00 price target on the stock, up previously from $64.00. Separately, analysts at CSFB raised their price target on shares of RBC Capital from C$69.00 to C$71.00 in a research note to investors on Friday, August 30th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of RBC Capital from C$64.00 to C$66.00 in a research note to investors on Friday, August 30th. They now have an “equal weight” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $67.55.
RBC Capital has a one year low of $54.41 and a one year high of $66.30. The stock has a 50-day moving average of $64.06 and a 200-day moving average of $61.24. The company has a market cap of $95.220 billion and a P/E ratio of 11.96.
RBC Capital (NYSE:RY) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.38 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.38. The company had revenue of $7.22 billion for the quarter, compared to the consensus estimate of $7.93 billion. The company’s quarterly revenue was down 6.9% on a year-over-year basis. On average, analysts predict that RBC Capital will post $5.63 earnings per share for the current fiscal year.
Royal Bank of Canada (NYSE:RY) is a diversified financial services company.
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