Royal Bank of Canada (TSE:RY) Price Target Raised to C$215.00

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective increased by investment analysts at TD Securities from C$208.00 to C$215.00 in a research note issued to investors on Monday,BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 4.47% from the stock’s previous close.

A number of other research firms have also commented on RY. National Bankshares set a C$203.00 price objective on shares of Royal Bank of Canada and gave the company a “sector perform” rating in a research report on Monday, September 22nd. Scotiabank lifted their price objective on Royal Bank of Canada from C$210.00 to C$218.00 in a research note on Friday, October 10th. Cibc World Mkts lowered Royal Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 5th. Canaccord Genuity Group lifted their price target on Royal Bank of Canada from C$201.00 to C$219.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Finally, Erste Group Bank raised Royal Bank of Canada to a “strong-buy” rating in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$207.15.

Royal Bank of Canada Stock Up 0.9%

RY traded up C$1.79 during trading on Monday, reaching C$205.80. 1,626,413 shares of the company were exchanged, compared to its average volume of 4,155,072. Royal Bank of Canada has a 12-month low of C$151.25 and a 12-month high of C$208.34. The company’s 50-day moving average is C$203.60 and its two-hundred day moving average is C$187.02. The company has a market cap of C$290.24 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 3.42 and a beta of 1.28.

About Royal Bank of Canada

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S.