CSFB Raises Royal Bank of Canada Price Target to C$95.00 (RY)
Analysts at CSFB lifted their target price on shares of Royal Bank of Canada (TSE:RY) from C$92.00 to C$95.00 in a research report issued to clients and investors on Monday. The firm currently has an “outperform” rating on the stock. CSFB’s target price would suggest a potential upside of 17.57% from the company’s current price.
A number of other analysts have also recently weighed in on RY. Analysts at TD Securities raised their price target on shares of Royal Bank of Canada from C$85.00 to C$86.00 in a research note on Monday. Analysts at Scotiabank cut their price target on shares of Royal Bank of Canada from C$87.00 to C$86.00 in a research note on Monday. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$86.14.
Royal Bank of Canada (TSE:RY) traded up 0.46% on Monday, hitting $81.17. The stock had a trading volume of 959,340 shares. Royal Bank of Canada has a 1-year low of $63.76 and a 1-year high of $82.15. The stock’s 50-day moving average is $79.57 and its 200-day moving average is $74.77. The company has a market cap of $116.9 billion and a price-to-earnings ratio of 13.81.
The company also recently declared a quarterly dividend, which is scheduled for Monday, November 24th. Investors of record on Monday, October 27th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.71%.
Royal Bank of Canada (TSE:RY) is a diversified financial services company.
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