TD Securities upgraded shares of Royal Bank of Canada (TSE:RY) (NYSE:RY) from a hold rating to a buy rating in a research note published on Monday. TD Securities currently has C$96.00 price objective on the stock, up from their previous price objective of C$86.00.
A number of other equities research analysts have also recently issued reports on the company. Barclays PLC boosted their price objective on Royal Bank of Canada from C$74.00 to C$77.00 in a research note on Monday. CSFB reaffirmed an outperform rating and set a C$100.00 target price on shares of Royal Bank of Canada in a report on Tuesday, November 15th. Desjardins lifted their target price on Royal Bank of Canada from C$86.00 to C$89.00 in a report on Monday, November 14th. Canaccord Genuity lifted their target price on Royal Bank of Canada from C$85.00 to C$89.00 and gave the company a buy rating in a report on Thursday, October 13th. Finally, Dundee Securities reaffirmed a neutral rating and set a C$87.00 target price on shares of Royal Bank of Canada in a report on Wednesday, September 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of C$87.23.
Royal Bank of Canada (TSE:RY) opened at 89.65 on Monday. Royal Bank of Canada has a one year low of $64.52 and a one year high of $90.00. The company has a market cap of $133.02 billion and a price-to-earnings ratio of 13.06. The company has a 50-day moving average of $84.51 and a 200-day moving average of $80.75.
In other Royal Bank of Canada news, insider Janice Rose Fukakusa sold 62,960 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of C$81.08, for a total value of C$5,104,796.80.