Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price target upped by Canaccord Genuity from C$89.00 to C$95.00 in a report published on Tuesday.

RY has been the subject of several other research reports. TD Securities upgraded Royal Bank of Canada from a hold rating to a buy rating and boosted their target price for the company from C$86.00 to C$96.00 in a research report on Monday. Bank of America Corp. boosted their target price on Royal Bank of Canada from C$75.00 to C$76.00 and gave the company an underperform rating in a research report on Thursday, August 25th. CIBC boosted their target price on Royal Bank of Canada from C$84.00 to C$87.00 in a research report on Friday, September 2nd. CSFB restated an outperform rating and set a C$100.00 target price on shares of Royal Bank of Canada in a research report on Tuesday, November 15th. Finally, National Bank Financial boosted their target price on Royal Bank of Canada from C$83.00 to C$84.00 in a research report on Thursday, August 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of C$87.23.

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

Shares of Royal Bank of Canada (TSE:RY) opened at 89.25 on Tuesday. The company has a 50 day moving average price of $83.88 and a 200 day moving average price of $80.55. Royal Bank of Canada has a 1-year low of $64.52 and a 1-year high of $90.00. The stock has a market cap of $132.43 billion and a P/E ratio of 13.00.

In other news, insider Janice Rose Fukakusa sold 62,960 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of C$81.08, for a total transaction of C$5,104,796.80.

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About Royal Bank of Canada

Royal Bank of Canada (RBC) is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto financing and retail investment businesses; Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM); Insurance, which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets.

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