Royal Bank of Canada (TSX: RY), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Robert Sedran from CIBC reiterated a Hold rating
Sedran has an average return of 18.4% when recommending Royal Bank of Canada.
According to TipRanks.com, Sedran is ranked #1483 out of 4862 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Royal Bank of Canada with a C$108.25 average price target, implying a 4.1% upside from current levels. In a report released yesterday, Canaccord Genuity also assigned a Hold rating to the stock with a C$109 price target.
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Royal Bank of Canada’s market cap is currently C$149.8B and has a P/E ratio of 13.3. The company has a Price to Book ratio of 2.17.
Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following business segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support.
The company’s shares closed on Wednesday at C$103.97.
