Today, Royal Bank of Canada (RY) Raised to “Buy” at TD Securities

Today, Royal Bank of Canada (RY) Raised to “Buy” at TD Securities

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.

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