CIBC increased their price target on shares of Royal Bank of Canada (TSE: RY) from $64.00 to $70.00 in a research note issued on Monday. The firm currently has a “sector outperform” rating on the stock.
A number of other analysts have also recently weighed in on RY. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Royal Bank of Canada in a research note to investors on Friday. Separately, analysts at TD Securities raised their price target on shares of Royal Bank of Canada from $63.00 to $65.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Royal Bank of Canada from $62.00 to $65.50 in a research note to investors on Friday. They now have a “market perform” rating on the stock.
Shares of Royal Bank of Canada traded down 0.24% during mid-day trading on Monday, hitting $63.62. Royal Bank of Canada has a 52 week low of $48.70 and a 52 week high of $64.92. The stock’s 50-day moving average is currently $62.7. The company has a market cap of $91.894 billion and a P/E ratio of 12.46.
Royal Bank of Canada (RBC) is a diversified financial services company. RBC provides personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
