The stock of Royal Bank of Canada (TSE:RY) is a huge mover today! About 333,085 shares traded hands. Royal Bank of Canada (TSE:RY) has risen 15.66% since April 21, 2016 and is uptrending. It has outperformed by 10.25% the S&P500.
The move comes after 5 months negative chart setup for the $133.92B company. It was reported on Nov, 25 by Barchart.com. We have $85.33 PT which if reached, will make TSE:RY worth $6.70B 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. RBC has been the topic of 31 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by IBC with “Outperform” on Monday, August 17. The stock of Royal Bank of Canada (TSE:RY) 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. The company was maintained on Tuesday, August 25 by Desjardins Securities. The firm has “Neutral” rating given on Wednesday, September 21 by Dundee Securities. The firm has “Sector Perform” rating given on Tuesday, August 4 by National Bank Canada.
More recent Royal Bank of Canada (TSE:RY) news were published by: Business.Financialpost.com which released: “Royal Bank of Canada was just upgraded by TD Bank” on November 21, 2016. Also Fool.ca published the news titled: “Royal Bank of Canada: It’s Part of the Ultimate All-Cap Financial Portfolio” on November 24, 2016. Cbc.ca‘s news article titled: “Royal Bank hikes mortgage rates” with publication date: November 15, 2016 was also an interesting one.
Royal Bank of Canada , is a diversified financial services company. The company has a market cap of $133.92 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 13.09 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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