RBC Capital’s Equal Weight Rating Reiterated at Barclays (RY)
RBC Capital (NYSE:RY)‘s stock had its “equal weight” rating reiterated by stock analysts at Barclays in a report issued on Tuesday. They currently have a $82.00 price target on the stock, up from their previous price target of $79.00. Barclays’ price target would suggest a potential upside of 10.99% from the stock’s previous close.
RBC Capital (NYSE:RY) traded up 0.03% during mid-day trading on Tuesday, hitting $73.9034. 54,163 shares of the company’s stock traded hands. RBC Capital has a 1-year low of $60.76 and a 1-year high of $74.64. The stock’s 50-day moving average is $73.2 and its 200-day moving average is $68.1. The company has a market cap of $106.5 billion and a price-to-earnings ratio of 13.89.
RBC Capital (NYSE:RY) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. The company had revenue of $8.27 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that RBC Capital will post $6.03 earnings per share for the current fiscal year.
Separately, analysts at CIBC downgraded shares of RBC Capital from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 30th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $74.17.
Royal Bank of Canada is a Canada-based banking company. The Company is a diversified financial services company, and provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis.
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