Royal Bank of Canada Receives New Coverage from Analysts at TD Securities (RY)
Equities researchers at TD Securities began coverage on shares of Royal Bank of Canada (TSE:RY) in a research report issued on Thursday, Analyst Ratings Network.com reports. The firm set a “hold” rating and a C$76.00 price target on the stock. TD Securities’ target price would suggest a potential upside of 11.11% from the stock’s previous close.
Shares of Royal Bank of Canada (TSE:RY) traded down 0.06% on Thursday, hitting $68.36. 910,422 shares of the company’s stock traded hands. Royal Bank of Canada has a 1-year low of $54.51 and a 1-year high of $68.15. The stock’s 50-day moving average is $64.79 and its 200-day moving average is $62.40. The company has a market cap of $98.446 billion and a price-to-earnings ratio of 12.57.
Royal Bank of Canada (TSE:RY) is a diversified financial services company.
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