Several brokerages have recently weighed in on RY. Barclays decreased their price target on Royal Bank of Canada from C$74.00 to C$71.00 and set an underweight rating for the company in a research note on Thursday, September 10th. CIBC decreased their target price on Royal Bank of Canada from C$84.00 to C$83.00 in a research note on Tuesday, September 1st. cut their price target on Royal Bank of Canada from C$80.00 to C$76.00 and set a sector perform rating on the stock in a report on Thursday, August 27th. Banc of America Sec dropped their target price on Royal Bank of Canada from C$77.00 to C$72.00 and set a buy rating on the stock in a report on Saturday, August 29th. Finally, Scotiabank restated a sector outperform rating and issued a C$79.00 price target (down previously from C$82.00) on shares of Royal Bank of Canada in a research report on Thursday, August 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the companys stock. The stock has a consensus rating of Hold and an average target price of C$80.42.
Royal Bank of Canada is a banking company. It serves over 16 million personal, business as well as corporate clients across a diversified mix of businesses in 40 nations. The five business segments of the Firm contain Personal Commercial Banking, Wealth Management, Insurance, Investor Treasury Services and Capital Markets. The Companys Personal Commercial Banking is made of private and company banking operations, auto financing and retail investment businesses. Wealth Management consists of United States Canadian Wealth Management and International Wealth Management and Global Asset Management. Insurance consists in Canada and internationally and operates under two business lines: Canadian Insurance and International Insurance. Treasury investor Services section offers global custody, fund and pension administration. Capital Markets consists of a majority of its international wholesale banking businesses.
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