RBC Capital Price Target Raised to C$71.00 at Keefe, Bruyette & Woods (RY)
Equities researchers at Keefe, Bruyette & Woods upped their price target on shares of RBC Capital (NYSE:RY) from C$70.00 to C$71.00 in a research report issued on Monday, American Banking News.com reports. The firm currently has a “market perform” rating on the stock.
RBC Capital (NYSE:RY) traded up 0.28% during mid-day trading on Monday, hitting $65.31. The stock had a trading volume of 219,324 shares. RBC Capital has a 52-week low of $55.49 and a 52-week high of $68.89. The stock’s 50-day moving average is $64.32 and its 200-day moving average is $64.85. The company has a market cap of $94.053 billion and a P/E ratio of 11.53.
RBC Capital (NYSE:RY) last announced its earnings results on Thursday, December 5th. The company reported $1.40 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.40. The company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $7.51 billion. RBC Capital’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that RBC Capital will post $5.90 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on RY. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of RBC Capital in a research note on Wednesday, February 19th. Separately, analysts at Barclays raised their price target on shares of RBC Capital from C$69.00 to C$70.00 in a research note on Wednesday, February 19th. They now have an “equal weight” rating on the stock. Finally, analysts at National Bank Financial upgraded shares of RBC Capital from a “sector perform” rating to an “outperform” rating in a research note on Monday, December 9th. They now have a $75.00 price target on the stock, up previously from $73.00. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. RBC Capital currently has a consensus rating of “Buy” and a consensus target price of $69.33.
Royal Bank of Canada (NYSE:RY) is a diversified financial services company.
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