Royal Bank of Canada (TSE:RY) PT Set at C$316.00 by Keefe, Bruyette & Woods

Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) has been given a C$316.00 target price by research analysts at Keefe, Bruyette & Woods in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 11.36% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Barclays upped their price target on shares of Royal Bank of Canada from C$245.00 to C$260.00 and gave the company an “overweight” rating in a report on Friday, May 29th. TD upped their target price on shares of Royal Bank of Canada from C$272.00 to C$307.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Canaccord Genuity Group lifted their price target on Royal Bank of Canada from C$282.00 to C$310.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Jefferies Financial Group upped their price objective on Royal Bank of Canada from C$240.00 to C$268.00 in a research note on Thursday, August 13th. Finally, National Bank Financial lifted their target price on Royal Bank of Canada from C$271.00 to C$318.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$286.07.

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Royal Bank of Canada Trading Up 0.2%

Shares of RY traded up C$0.44 during trading hours on Friday, reaching C$283.77. The company had a trading volume of 729,093 shares, compared to its average volume of 3,547,427. The firm has a 50 day simple moving average of C$293.17 and a 200-day simple moving average of C$258.69. Royal Bank of Canada has a 12-month low of C$188.54 and a 12-month high of C$306.38. The company has a market capitalization of C$394.34 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 3.42 and a beta of 1.05.

Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) last posted its quarterly earnings results on Thursday, May 28th. The financial services provider reported C$3.90 earnings per share for the quarter. Royal Bank of Canada had a net margin of 18.40% and a return on equity of 15.95%. The company had revenue of C$17.45 billion for the quarter. Sell-side analysts forecast that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.

Insider Buying and Selling

In other Royal Bank of Canada news, insider Neil Mclaughlin sold 4,000 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of C$287.72, for a total transaction of C$1,150,880.00. Also, Director David Ian Mckay sold 133,130 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of C$287.21, for a total value of C$38,236,267.30. Following the completion of the transaction, the director directly owned 5,873 shares of the company’s stock, valued at approximately C$1,686,784.33. The trade was a 95.77% decrease in their position. Insiders sold 324,096 shares of company stock valued at $92,616,003 in the last three months.

Royal Bank of Canada Company Profile

(Get Free Report)

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.

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