The stock of Royal Bank of Canada (TSE:RY) is a huge mover today! About 502,198 shares traded hands. Royal Bank of Canada (TSE:RY) has risen 14.93% since April 8, 2016 and is uptrending. It has outperformed by 9.95% the S&P500.
The move comes after 5 months positive chart setup for the $129.44B company. It was reported on Nov, 14 by Barchart.com. We have $133.95 PT which if reached, will make TSE:RY worth $71.19 billion more.
Royal Bank of Canada (TSE:RY) Ratings Coverage
Out of 7 analysts covering RBC (TSE:RY), 3 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 43% are positive. $100 is the highest target while $58 is the lowest. The $82.17 average target is -4.92% below today’s ($86.42) stock price. RBC has been the topic of 30 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, September 21 by Dundee Securities. The firm has “Underperform” rating given on Tuesday, November 1 by Bank of America. Scotia Capital maintained it with “Outperform” rating and $79 target price in Thursday, August 27 report. IBC maintained Royal Bank of Canada (TSE:RY) on Monday, August 17 with “Outperform” rating. The rating was maintained by National Bank Canada on Tuesday, August 4 with “Sector Perform”. Desjardins Securities maintained Royal Bank of Canada (TSE:RY) rating on Tuesday, August 25. Desjardins Securities has “Buy” rating and $86 price target.
Another recent and important Royal Bank of Canada (TSE:RY) news was published by Forbes.com which published an article titled: “Ex-Div Reminder for Royal Bank of Canada (RY)” on October 20, 2016.
Royal Bank of Canada , is a diversified financial services company. The company has a market cap of $129.44 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 12.59 P/E ratio. The Firm serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.
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