Royal Bank of Canada (RY) Stock Rating Reaffirmed by BMO Capital Markets

Royal Bank of Canada (TSE:RY) (NYSE:RY)‘s stock had its “market perform” rating restated by BMO Capital Markets in a research report issued on Thursday, August 24th. They presently have a C$100.00 target price on the financial services provider’s stock. BMO Capital Markets’ price target points to a potential upside of 10.46% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Scotiabank upped their price objective on shares of Royal Bank of Canada from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research report on Friday, May 26th. National Bank Financial restated a “sector perform” rating and set a C$99.00 price objective on shares of Royal Bank of Canada in a research report on Friday, May 26th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Royal Bank of Canada presently has a consensus rating of “Hold” and an average price target of C$99.75.

Shares of Royal Bank of Canada (TSE:RY) traded up 0.08% during mid-day trading on Thursday, hitting $90.53. 1,372,113 shares of the stock were exchanged. The company has a market cap of $131.99 billion and a P/E ratio of 12.37. Royal Bank of Canada has a 52-week low of $79.75 and a 52-week high of $99.90. The stock’s 50-day moving average price is $92.90 and its 200-day moving average price is $94.66.

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In other news, Director David Ian Mckay sold 3,577 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of C$93.26, for a total transaction of C$333,591.02. Also, insider Jennifer Anne Tory sold 364 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of C$91.78, for a total transaction of C$33,407.92. In the last ninety days, insiders have sold 45,366 shares of company stock valued at $4,210,472.

Royal Bank of Canada Company Profile

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

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




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