Royal Bank of Canada (TSE:RY) receives C$137.00 price target at Barclays

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

(Get a rating)

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.

Recommended Stories

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

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected].

Before you consider Royal Bank of Canada, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes viral…and Royal Bank of Canada wasn’t on the list.

While Royal Bank of Canada currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

About Virginia Ahn

Check Also

Climate change ranked number one influencing factor among investors

More than half of investors see climate change as the most important factor affecting their …