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Royal Bank of Canada (TSE:RY – Get a rating) (NYSE:RY) was assigned a price target of CA$137.00 by research analysts at Barclays in a research report delivered to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has an “overweight” rating on shares of the financial services provider. BarclaysThe company’s price target would suggest a potential upside of 10.79% from the company’s current price.
Other research analysts have also recently published reports on the company. BMO Capital Markets cut its target price on Royal Bank of Canada from C$140.00 to C$132.00 in a report released on Friday, September 2. Argus raised its price target on Royal Bank of Canada to C$157.00 and gave the stock a “buy” rating in a Tuesday, June 7 report. Keefe, Bruyette & Woods raised their price target on Royal Bank of Canada from C$118.00 to C$129.00 in a Friday, September 2 research report. Fundamental Research reissued a “buy” rating and published a price target of C$143.00 on Royal Bank of Canada shares in a research report on Wednesday, September 7. Finally, Scotiabank lowered its price target on Royal Bank of Canada from C$147.00 to C$144.00 in a Thursday, August 18 research report. One analyst gave the stock a sell rating, one issued a hold rating and eleven issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$141.73.
Royal Bank of Canada Price Performance
Shares of TSE RY traded lower C$1.06 at midday Thursday, hitting C$123.66. 1,221,446 shares of shares traded in hands, compared to its average volume of 3,831,497. Royal Bank of Canada has a 12-month low of C$118.24 and a 12-month high of 149, $60 CAD. The company has a market cap of C$172.10 billion and a PE ratio of 11.29. The company has a 50-day simple moving average of C$125.42 and a 200-day simple moving average of C$129.23.
Insider Trading at Royal Bank of Canada
Separately, director David Ian Mckay sold 4,078 shares of the company in a deal that took place on Friday July 22. The stock was sold at an average price of C$124.42, for a total value of C$507,400.66. As a result of the transaction, the administrator now owns 5,873 shares of the company, valued at C$730,741.56. Insiders sold 12,234 shares of the company worth $1,536,137 in the past 90 days.
About Royal Bank of Canada
Royal Bank of Canada is a globally diversified financial services company. The Company’s Personal and Commercial Banking segment offers checking and savings accounts, home equity financing, personal loans, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, commercial products and services to small and medium commercial enterprises.
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