Royal Bank of Canada (TSE:RY) Given New C$171.00 Price Target at TD Securities

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price target hoisted by research analysts at TD Securities from C$160.00 to C$171.00 in a research note issued to investors on Thursday, BayStreet.CA reports. TD Securities’ price target points to a potential upside of 14.05% from the stock’s current price.

Other equities analysts have also issued reports about the company. Jefferies Financial Group upped their target price on Royal Bank of Canada from C$159.00 to C$168.00 and gave the company a “buy” rating in a report on Thursday, June 6th. CIBC raised their target price on Royal Bank of Canada from C$135.00 to C$150.00 and gave the company a “neutral” rating in a research note on Friday, May 31st. Scotiabank boosted their price objective on Royal Bank of Canada from C$148.00 to C$153.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. UBS Group set a C$165.00 price target on shares of Royal Bank of Canada and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Finally, BMO Capital Markets cut Royal Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$146.76.

Royal Bank of Canada Stock Performance

Shares of Royal Bank of Canada stock traded up C$2.20 during trading on Thursday, reaching C$149.94. The company had a trading volume of 721,303 shares, compared to its average volume of 5,177,947. The company has a market cap of C$211.42 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 10.64 and a beta of 0.83. Royal Bank of Canada has a fifty-two week low of C$107.92 and a fifty-two week high of C$155.22. The firm’s fifty day moving average is C$148.27 and its 200-day moving average is C$140.02.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its earnings results on Thursday, May 30th. The financial services provider reported C$2.92 EPS for the quarter, topping analysts’ consensus estimates of C$2.77 by C$0.15. Royal Bank of Canada had a return on equity of 13.66% and a net margin of 28.61%. The company had revenue of C$14.15 billion for the quarter, compared to the consensus estimate of C$13.58 billion. On average, research analysts anticipate that Royal Bank of Canada will post 11.1525292 EPS for the current fiscal year.

Insider Buying and Selling at Royal Bank of Canada

In other news, Senior Officer Douglas Antony Guzman sold 54,354 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of C$145.15, for a total value of C$7,889,646.16. Following the completion of the transaction, the insider now owns 25 shares of the company’s stock, valued at C$3,628.83. In other news, Senior Officer Douglas Antony Guzman sold 54,354 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of C$145.15, for a total transaction of C$7,889,646.16. Following the completion of the sale, the insider now owns 25 shares of the company’s stock, valued at approximately C$3,628.83. Also, Senior Officer Bruce Washington Ross sold 12,170 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of C$141.46, for a total transaction of C$1,721,604.71. Following the transaction, the insider now owns 235 shares in the company, valued at approximately C$33,243.81. Insiders sold 101,302 shares of company stock valued at $14,592,565 in the last three months.

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.