Royal Bank of Canada Stock Price Increases Today

 Royal Bank of Canada Stock Price Increases Today

The stock of Royal Bank of Canada (TSE:RY) is a huge mover today! About 624,306 shares traded hands. Royal Bank of Canada (TSE:RY) has risen 12.79% since March 10, 2016 and is uptrending. It has outperformed by 7.18% the S&P500.
The move comes after 7 months positive chart setup for the $123.95 billion company. It was reported on Oct, 17 by Barchart.com. We have $105.32 PT which if reached, will make TSE:RY worth $33.47B more.

Royal Bank of Canada (TSE:RY) Ratings Coverage

Out of 7 analysts covering RBC (TSE:RY), 4 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 57% are positive. $100 is the highest target while $58 is the lowest. The $82.17 average target is -0.92% below today’s ($82.93) stock price. RBC has been the topic of 29 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Scotia Capital maintained it with “Outperform” rating and $79 target price in Thursday, August 27 report. The stock of Royal Bank of Canada (TSE:RY) has “Outperform” rating given on Monday, August 17 by IBC. As per Wednesday, September 21, the company rating was maintained by Dundee Securities. National Bank Canada maintained Royal Bank of Canada (TSE:RY) rating on Tuesday, August 4. National Bank Canada has “Sector Perform” rating and $80 price target. Desjardins Securities maintained the shares of RY in a report on Tuesday, August 25 with “Buy” rating.

More important recent Royal Bank of Canada (TSE:RY) news were published by: Business.Financialpost.com which released: “Royal Bank of Canada upgraded to buy” on October 13, 2016, also Reuters.com published article titled: “MOVES- Roman retires from Royal Bank of Canada”, Business.Financialpost.com published: “Royal Bank of Canada CEO touts pipelines as key to transitioning to a greener …” on September 26, 2016. More interesting news about Royal Bank of Canada (TSE:RY) was released by: Realmoney.Thestreet.com and their article: “Royal Bank of Canada Doesn’t Look as Noble Now” with publication date: September 21, 2016.

Royal Bank of Canada , is a diversified financial services company. The company has a market cap of $123.95 billion. The Firm provides personal and commercial banking, wealth management services, insurance, investor services and capital markets services and products on a global basis. It has a 12.08 P/E ratio. The Firm serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

RY Company Profile

Royal Bank of Canada (RBC), incorporated on June 22, 1869, is a diversified financial services company. The Firm provides personal and commercial banking, wealth management services, insurance, investor services and capital markets services and products on a global basis. The Firm serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries. The Company’s business divisions include Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, and Capital Markets. The Company, through its divisions, serves various lines of businesses, which include Personal Financial Services, Business Financial Services, Cards and Payment Solutions (Canadian Banking), Caribbean and United States Banking, Canadian Wealth Management, United States and International Wealth Management, Global Asset Management, Canadian Insurance, International Insurance, Corporate and Investment Banking, Global Markets and Other. The Company’s principal subsidiaries include Royal Bank Holding Inc., RBC USA Holdco Corporation, RBC Dominion Securities Limited, RBC Holdings (Barbados) Ltd., The Royal Trust Company, RBC Capital Trust and Royal Bank Mortgage Corporation. The Company’s principal subsidiaries include Royal Bank Holding Inc., RBC USA Holdco Corporation, RBC Dominion Securities Limited, RBC Holdings (Barbados) Ltd., The Royal Trust Company, RBC Capital Trust and Royal Bank Mortgage Corporation.

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