Analyst Rating Update on Royal Bank Of Canada (RY)

Royal Bank Of Canada (NYSE:RY) : The consensus on Royal Bank Of Canada (NYSE:RY) based on 3 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Royal Bank Of Canada (NYSE:RY) : The highest level Royal Bank Of Canada (NYSE:RY) is projected to reach is $68 for the short term and the lowest estimate is at $55. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $62.74 and the possibility the share price can swing is $4.46.

For the current week, the company shares have a recommendation consensus of Buy.

Royal Bank Of Canada (NYSE:RY): stock turned positive on Tuesday. Though the stock opened at $58.43, the bulls momentum made the stock top out at $58.72 level for the day. The stock recorded a low of $57.97 and closed the trading day at $58.63, in the green by 1.97%. The total traded volume for the day was 1,337,450. The stock had closed at $57.5 in the previous days trading.

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. It operates in three geographic segments: Canada, United States and Other International.

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