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Shares of RBC Capital (NYSE:RY) have received a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the stock, StockRatingsNetwork reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $74.17.

A number of research firms have recently commented on RY. Analysts at Barclays reiterated an “equal weight” rating on shares of RBC Capital in a research note on Tuesday. They now have a $82.00 price target on the stock, up previously from $79.00. 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.

RBC Capital (NYSE:RY) traded down 0.05% on Wednesday, hitting $74.52. The stock had a trading volume of 108,743 shares. RBC Capital has a 52 week low of $60.76 and a 52 week high of $74.82. The stock has a 50-day moving average of $73.29 and a 200-day moving average of $68.23. The company has a market cap of $107.3 billion and a P/E ratio of 14.02.

RBC Capital (NYSE:RY) last announced its 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.

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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