The stock of Royal Bank of Canada (TSE:RY) is a huge mover today! About 653,773 shares traded hands. Royal Bank of Canada (TSE:RY) has risen 15.65% since April 11, 2016 and is uptrending. It has outperformed by 11.72% the S&P500.
The move comes after 6 months negative chart setup for the $129.42B company. It was reported on Nov, 15 by Barchart.com. We have $79.09 PT which if reached, will make TSE:RY worth $10.35B less.
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 -4.42% below today’s ($85.97) 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 “Sector Perform” rating by National Bank Canada given on Tuesday, August 4. The firm earned “Outperform” rating on Monday, August 17 by IBC. On Tuesday, November 1 the stock rating was initiated by Bank of America with “Underperform”. Scotia Capital maintained the shares of RY in a report on Thursday, August 27 with “Outperform” rating. The rating was maintained by Desjardins Securities on Tuesday, August 25 with “Buy”.
More news for Royal Bank of Canada (TSE:RY) were recently published by: Business.Financialpost.com, which released: “Royal Bank raises its discounted mortgage rates across the board” on November 15, 2016. Forbes.com‘s article titled: “Ex-Div Reminder for Royal Bank of Canada (RY)” and published on October 20, 2016 is yet another important article.
Royal Bank of Canada , is a diversified financial services company. The company has a market cap of $129.42 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 12.53 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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