Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective boosted by equities researchers at CIBC from C$103.00 to C$113.00 in a research note issued to investors on Monday. CIBC’s price objective suggests a potential upside of 13.07% from the company’s current price.
Other research analysts have also issued research reports about the company. National Bank Financial decreased their price objective on Royal Bank of Canada from C$101.00 to C$99.00 and set a “sector perform” rating on the stock in a report on Thursday, August 24th. Canaccord Genuity raised their target price on Royal Bank of Canada from C$100.00 to C$105.00 in a research note on Wednesday, November 1st. Scotiabank downgraded Royal Bank of Canada from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$102.00 to C$100.00 in a research note on Monday, August 21st. Eight Capital raised their target price on Royal Bank of Canada from C$102.00 to C$105.00 in a research note on Friday, August 25th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a C$100.00 target price on shares of Royal Bank of Canada in a research note on Thursday, August 24th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of C$100.83.
Royal Bank of Canada (TSE:RY) opened at C$99.94 on Monday. Royal Bank of Canada has a fifty-two week low of C$85.54 and a fifty-two week high of C$102.15.
In related news, insider Jennifer Anne Tory sold 344 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of C$101.55, for a total transaction of C$34,933.20. Also, Director Thierry Vandal acquired 729 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of C$91.91 per share, with a total value of C$67,002.39. Insiders have sold a total of 25,348 shares of company stock valued at $2,405,033 over the last three months.
About Royal Bank of Canada
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.
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