A Wall Street analyst has provided a rating update for the Financial sector company yesterday, while remaining neutral on the stock. Analyst Scott Chan CFA from Canaccord Genuity remains neutral on Royal Bank of Canada (RY) and has a C$105 price target.
According to TipRanks.com, CFA is a 1-star analyst with an average return of -0.8% and a 47.2% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.
Royal Bank of Canada has an analyst consensus of Moderate Buy, with a price target consensus of C$106.75.
The company has a one-year high of C$107.91 and a one-year low of C$90.10. Currently, Royal Bank of Canada has an average volume of 3M.
Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following segments: Personal and Commercial Banking; Wealth Management; Insurance; Investor and Treasury Services; Capital Markets; and Corporate Support.
The company’s shares closed on Thursday at C$105.41, close to its 52-week high of C$107.91.
