Short Term Rating on Royal Bank Of Canada (RY)

Royal Bank Of Canada (RY) : The consensus on Royal Bank Of Canada (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 (RY) : 5 Wall Street analysts covering Royal Bank Of Canada (RY) believe that the average level the stock could reach for the short term is $62.74. The maximum price target given is $68 and the minimum target for short term is around $55, hence the standard deviation is calculated at $4.46.

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


Royal Bank Of Canada (NYSE:RY): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $60.32 and $60.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $60.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $60.66, notching a gain of 1.85% for the day. The total traded volume was 1,635,690 . The stock had closed at $59.56 on the previous day.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *