Royal Bank of Canada (TSE:RY) has analysts on the Bullish side this week.

March 26, 2018 - By Vivian Currie

 Royal Bank of Canada (TSE:RY) has analysts on the Bullish side this week.

Royal Bank of Canada (TSE:RY) Ratings Coverage

Among 9 analysts covering RBC (TSE:RY), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. RBC had 53 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Dundee Securities given on Wednesday, September 21. The stock of Royal Bank of Canada (TSE:RY) has “Market Perform” rating given on Monday, February 27 by IBC. Desjardins Securities maintained the shares of RY in report on Tuesday, August 25 with “Buy” rating. The firm has “Buy” rating by TD Securities given on Monday, April 3. IBC maintained it with “Outperform” rating and $84 target in Monday, August 17 report. The firm has “Sector Perform” rating given on Monday, August 21 by Scotia Capital. The rating was upgraded by Eight Capital on Monday, December 11 to “Buy”. The stock of Royal Bank of Canada (TSE:RY) has “Buy” rating given on Monday, February 27 by TD Securities. The firm has “Sector Perform” rating by National Bank Canada given on Friday, May 26. The company was initiated on Tuesday, November 1 by Bank of America. Below is a list of Royal Bank of Canada (TSE:RY) latest ratings and price target changes.

11/12/2017 Broker: Eight Capital Old Rating: Neutral New Rating: Buy Old Target: $107.00 New Target: $113.00 Upgrade
01/11/2017 Broker: Canaccord Genuity Rating: Old Target: $100.00 New Target: $105.00 Target Up

The stock increased 0.33% or $0.33 during the last trading session, reaching $99.54. About 801,628 shares traded. Royal Bank of Canada (TSE:RY) has 0.00% since March 26, 2017 and is . It has underperformed by 16.70% the S&P500.

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service firm worldwide. The company has market cap of $143.74 billion. The firm operates through five divisions: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. It has a 13.11 P/E ratio. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.

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