Desjardins lowered shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) from a buy rating to a hold rating in a research report sent to investors on Wednesday, The Fly reports.
A number of other research firms have also commented on RY. Scotiabank reaffirmed a buy rating on shares of Royal Bank of Canada in a research report on Tuesday, August 20th. ValuEngine lowered Royal Bank of Canada from a hold rating to a sell rating in a research report on Thursday, September 5th. CIBC raised Royal Bank of Canada from a neutral rating to a sector outperform rating and boosted their target price for the company from $109.00 to $120.00 in a research note on Thursday, November 21st. Zacks Investment Research cut Royal Bank of Canada from a hold rating to a sell rating in a research note on Thursday, November 21st. Finally, Barclays restated a sell rating on shares of Royal Bank of Canada in a report on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $108.50.
Shares of NYSE RY traded down $0.46 during trading hours on Wednesday, hitting $79.06. The company’s stock had a trading volume of 43,316 shares, compared to its average volume of 907,976. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $113.77 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 2.07 and a beta of 1.11. Royal Bank of Canada has a 12 month low of $65.76 and a 12 month high of $82.58. The business has a 50-day simple moving average of $81.62 and a 200-day simple moving average of $79.00.
Royal Bank of Canada Company Profile
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.
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