Royal Bank of Canada (RY) Hits New 1-Year High at $105.44
Shares of Royal Bank of Canada (TSE:RY) (NYSE:RY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$105.44 and last traded at C$104.84, with a volume of 1510666 shares. The stock had previously closed at C$104.31.
A number of analysts have recently issued reports on RY shares. Eight Capital upgraded Royal Bank of Canada from a “neutral” rating to a “buy” rating and boosted their target price for the stock from C$107.00 to C$113.00 in a report on Monday, December 11th. Desjardins boosted their target price on Royal Bank of Canada from C$108.00 to C$109.00 in a report on Thursday, November 30th. CSFB boosted their target price on Royal Bank of Canada from C$105.00 to C$108.00 and gave the stock an “outperform” rating in a report on Thursday, November 30th. BMO Capital Markets boosted their target price on Royal Bank of Canada from C$100.00 to C$102.00 and gave the stock a “market perform” rating in a report on Thursday, November 30th. Finally, CIBC boosted their target price on Royal Bank of Canada from C$103.00 to C$113.00 in a report on Monday, November 13th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$107.42.
The stock has a market cap of $152,900.00, a PE ratio of 13.87 and a beta of 0.72.
In other Royal Bank of Canada news, Director Jeffery William Yabuki bought 1,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were bought at an average cost of C$79.63 per share, with a total value of C$79,630.00. Also, insider Jennifer Anne Tory sold 344 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of C$101.18, for a total value of C$34,805.92. Insiders have sold a total of 18,795 shares of company stock worth $1,907,804 over the last three months.
About Royal Bank of Canada
Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.
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