Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) received a C$165.00 price objective from analysts at UBS Group in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. UBS Group’s price target would indicate a potential upside of 10.57% from the company’s current price.
A number of other research firms have also recently issued reports on RY. Jefferies Financial Group increased their target price on Royal Bank of Canada from C$159.00 to C$168.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Scotiabank increased their price objective on shares of Royal Bank of Canada from C$148.00 to C$153.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Argus raised shares of Royal Bank of Canada to a “strong-buy” rating in a research report on Thursday, June 6th. CIBC upped their target price on shares of Royal Bank of Canada from C$135.00 to C$150.00 and gave the stock a “neutral” rating in a research note on Friday, May 31st. Finally, TD Securities lifted their price target on Royal Bank of Canada from C$156.00 to C$160.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Royal Bank of Canada has a consensus rating of “Moderate Buy” and a consensus target price of C$145.71.
Check Out Our Latest Research Report on RY
Royal Bank of Canada Stock Up 1.5 %
Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) last issued its quarterly earnings data on Thursday, May 30th. The financial services provider reported C$2.92 EPS for the quarter, topping the consensus estimate of C$2.77 by C$0.15. Royal Bank of Canada had a return on equity of 13.66% and a net margin of 28.61%. The business had revenue of C$14.15 billion for the quarter, compared to the consensus estimate of C$13.58 billion. On average, research analysts anticipate that Royal Bank of Canada will post 11.1525292 EPS for the current fiscal year.
Insider Buying and Selling at Royal Bank of Canada
In other news, Senior Officer Bruce Washington Ross sold 12,170 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of C$141.46, for a total transaction of C$1,721,604.71. Following the transaction, the insider now directly owns 235 shares in the company, valued at approximately C$33,243.81. In other Royal Bank of Canada news, Senior Officer Neil Mclaughlin sold 14,778 shares of Royal Bank of Canada stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of C$146.26, for a total transaction of C$2,161,474.61. Also, Senior Officer Bruce Washington Ross sold 12,170 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of C$141.46, for a total transaction of C$1,721,604.71. Following the completion of the transaction, the insider now owns 235 shares in the company, valued at C$33,243.81. Insiders sold a total of 101,302 shares of company stock worth $14,592,565 over the last quarter.
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.
Featured Stories
- Five stocks we like better than Royal Bank of Canada
- Investing in large cap stocks: Diving into big caps
- AbbVie Stock: A Perfect Dip for Investors to Buy
- Find and Profitably Trade Stocks at 52-Week Lows
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
- Utilities Stocks Explained – How and Why to Invest in Utilities
- GitLab Stock Rebounds: The Inside Story of Its Comeback
Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.