Royal Bank of Canada (TSE:RY) Raised to “Moderate Buy” at Raymond James Financial

Royal Bank of Canada (TSE:RY) (NYSE:RY) was upgraded by stock analysts at Raymond James Financial to a “moderate buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms also recently commented on RY. BMO Capital Markets lifted their target price on shares of Royal Bank of Canada from C$190.00 to C$203.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. UBS Group increased their price target on Royal Bank of Canada from C$225.00 to C$238.00 in a research report on Tuesday. Jefferies Financial Group lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating and raised their price target for the stock from C$213.00 to C$215.00 in a research note on Tuesday. Scotiabank set a C$218.00 target price on Royal Bank of Canada and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Cibc World Mkts downgraded Royal Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$216.43.

Royal Bank of Canada Stock Up 0.1%

Shares of TSE RY traded up C$0.18 during midday trading on Monday, hitting C$214.90. 296,128 shares of the company’s stock were exchanged, compared to its average volume of 4,116,256. The company’s 50 day moving average price is C$205.58 and its 200 day moving average price is C$190.64. The firm has a market capitalization of C$303.07 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 3.42 and a beta of 1.28. Royal Bank of Canada has a 12 month low of C$151.25 and a 12 month high of C$215.23.

About Royal Bank of Canada

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S.