CIBC Trims Royal Bank of Canada (TSE:RY) Target Price to C$139.00

Royal Bank of Canada (TSE:RYGet Rating) (NYSE:RY) had its target price dropped by investment analysts at CIBC from C$142.00 to C$139.00 in a research note issued on Friday, BayStreet.CA reports. CIBC’s price objective points to a potential upside of 12.75% from the company’s previous close.

RY has been the subject of a number of other reports. Barclays decreased their target price on Royal Bank of Canada from C$124.00 to C$122.00 in a research note on Friday. Fundamental Research set a C$140.25 target price on Royal Bank of Canada and gave the company a “buy” rating in a research note on Tuesday, March 14th. Veritas Investment Research restated a “buy” rating on shares of Royal Bank of Canada in a research report on Monday, February 27th. Cormark cut their price objective on shares of Royal Bank of Canada from C$152.00 to C$142.00 in a research report on Friday. Finally, National Bank Financial dropped their price target on shares of Royal Bank of Canada from C$142.00 to C$136.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to, Royal Bank of Canada currently has an average rating of “Moderate Buy” and an average price target of C$138.18.

Royal Bank of Canada Stock Up 1.5 %

Shares of TSE RY traded up C$1.80 during trading on Friday, reaching C$123.28. 1,298,729 shares of the stock were exchanged, compared to its average volume of 4,731,466. The company has a market capitalization of C$171.36 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 4.62 and a beta of 0.74. Royal Bank of Canada has a twelve month low of C$116.75 and a twelve month high of C$140.18. The business’s 50-day moving average price is C$130.14 and its 200 day moving average price is C$132.25.

Royal Bank of Canada (TSE:RYGet Rating) (NYSE:RY) last released its quarterly earnings data on Wednesday, March 1st. The financial services provider reported C$3.05 EPS for the quarter, topping analysts’ consensus estimates of C$2.92 by C$0.13. Royal Bank of Canada had a net margin of 29.76% and a return on equity of 14.23%. The firm had revenue of C$15.09 billion during the quarter, compared to the consensus estimate of C$13.07 billion. As a group, sell-side analysts expect that Royal Bank of Canada will post 11.5522252 earnings per share for the current fiscal year.

Royal Bank of Canada Company Profile

(Get Rating)

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

Featured Stories

Analyst Recommendations for Royal Bank of Canada (TSE:RY)

Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with's FREE daily email newsletter.