Royal Bank of Canada (TSE:RY) PT Raised to C$156.00 at TD Securities

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its target price hoisted by equities researchers at TD Securities from C$153.00 to C$156.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 10.58% from the company’s previous close.

A number of other analysts have also recently issued reports on RY. Canaccord Genuity Group lifted their target price on shares of Royal Bank of Canada from C$142.00 to C$146.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. BMO Capital Markets raised shares of Royal Bank of Canada from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$140.00 to C$150.00 in a research note on Friday, April 5th. Scotiabank increased their target price on shares of Royal Bank of Canada from C$140.00 to C$143.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Finally, CIBC cut their target price on Royal Bank of Canada from C$140.00 to C$135.00 and set a “neutral” rating on the stock in a report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$138.73.

Royal Bank of Canada Trading Up 0.1 %

RY opened at C$141.08 on Friday. The stock has a fifty day moving average price of C$135.76 and a 200 day moving average price of C$129.98. Royal Bank of Canada has a 1 year low of C$107.92 and a 1 year high of C$141.99. The stock has a market cap of C$198.92 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 10.64 and a beta of 0.83.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings results on Wednesday, February 28th. The financial services provider reported C$2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.79 by C$0.06. The business had revenue of C$13.49 billion during the quarter, compared to analyst estimates of C$13.65 billion. Royal Bank of Canada had a return on equity of 13.66% and a net margin of 28.61%. As a group, sell-side analysts forecast that Royal Bank of Canada will post 11.3055556 earnings per share for the current fiscal year.

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.