Other research analysts have also issued reports about the company. Desjardins lowered their price target on Royal Bank of Canada from C$143.00 to C$141.00 in a research report on Thursday, August 25th. Scotiabank lowered their target price on Royal Bank of Canada from C$147.00 to C$144.00 in a report on Thursday, August 18th. National Bank Financial boosted their price target on shares of Royal Bank of Canada from C$147.00 to C$148.00 in a research note on Thursday, August 25th. Canaccord Genuity Group lowered their price objective on shares of Royal Bank of Canada from C$134.00 to C$131.50 and set a “hold” rating for the company in a research note on Thursday, August 18th. Finally, TD Securities cut their target price on shares of Royal Bank of Canada from C$150.00 to C$145.00 in a research note on Friday, May 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $139.81.
Royal Bank of Canada Stock Performance
Shares of RY stock opened at $96.42 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $134.30 billion, a P/E ratio of 11.12, a P/E/G ratio of 2.53 and a beta of 0.87. The firm’s 50 day moving average price is $96.58 and its 200-day moving average price is $101.59. Royal Bank of Canada has a one year low of $90.75 and a one year high of $119.41.
Hedge Funds Weigh In On Royal Bank of Canada
About Royal Bank of Canada
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.
- Get a free copy of the StockNews.com research report on Royal Bank of Canada (RY)
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