Royal Bank of Canada (RY) Given New C$113.00 Price Target at CIBC
Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price target boosted by research analysts at CIBC from C$103.00 to C$113.00 in a research report issued on Monday. CIBC’s price objective would suggest a potential upside of 13.14% from the company’s previous close.
Several other equities research analysts have also recently commented on the stock. Canaccord Genuity raised their target price on shares of Royal Bank of Canada from C$100.00 to C$105.00 in a research report on Wednesday, November 1st. Eight Capital increased their price target on shares of Royal Bank of Canada from C$102.00 to C$105.00 in a research note on Friday, August 25th. Barclays PLC increased their price target on shares of Royal Bank of Canada from C$94.20 to C$96.00 in a research note on Friday, August 25th. National Bank Financial decreased their price target on shares of Royal Bank of Canada from C$101.00 to C$99.00 and set a “sector perform” rating for the company in a research note on Thursday, August 24th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$100.00 price target on shares of Royal Bank of Canada in a research note on Thursday, August 24th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$100.83.
Shares of Royal Bank of Canada (TSE:RY) traded up C$0.04 on Monday, reaching C$99.88. 690,951 shares of the company’s stock traded hands, compared to its average volume of 2,688,637. Royal Bank of Canada has a fifty-two week low of C$85.17 and a fifty-two week high of C$102.15.
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In other news, insider Jennifer Anne Tory sold 364 shares of Royal Bank of Canada stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of C$91.78, for a total value of C$33,407.92. Also, insider Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of C$93.10, for a total transaction of C$931,000.00. Over the last 90 days, insiders have sold 25,348 shares of company stock valued at $2,405,033.
Royal Bank of Canada Company Profile
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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