Royal Bank of Canada (RY) Price Target Increased to C$114.00 by Analysts at CSFB

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective hoisted by equities researchers at CSFB from C$108.00 to C$114.00 in a research report issued to clients and investors on Friday. CSFB’s price objective would indicate a potential upside of 6.63% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Eight Capital lifted their price target on Royal Bank of Canada from C$105.00 to C$107.00 in a research note on Thursday, November 30th. Canaccord Genuity lifted their price target on Royal Bank of Canada from C$100.00 to C$105.00 in a research note on Wednesday, November 1st. National Bank Financial lifted their price target on Royal Bank of Canada from C$101.00 to C$105.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 30th. Citigroup lifted their price target on Royal Bank of Canada from C$118.00 to C$120.00 in a research note on Tuesday, December 12th. Finally, Scotiabank lifted their price target on Royal Bank of Canada from C$110.00 to C$111.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 30th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$108.08.

Shares of Royal Bank of Canada (TSE:RY) traded up C$0.63 during trading on Friday, reaching C$106.91. The company’s stock had a trading volume of 2,507,180 shares, compared to its average volume of 1,987,108. The stock has a market cap of $157,270.00, a PE ratio of 14.14 and a beta of 0.72. Royal Bank of Canada has a 1-year low of C$90.13 and a 1-year high of C$107.18.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings results on Wednesday, November 29th. The financial services provider reported C$1.92 EPS for the quarter, topping the Zacks’ consensus estimate of C$1.88 by C$0.04. Royal Bank of Canada had a return on equity of 16.52% and a net margin of 28.00%.

In related news, insider Alex Douglas Mcgregor sold 7,403 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of C$101.73, for a total value of C$753,107.19. Also, Director David Ian Mckay sold 5,352 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of C$101.53, for a total value of C$543,388.56. Over the last ninety days, insiders sold 18,795 shares of company stock worth $1,907,804.

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About Royal Bank of Canada

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.

Analyst Recommendations for Royal Bank of Canada (TSE:RY)

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