In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Royal Bank of Canada (TSX: RY). Yesterday, analyst John Aiken gave a Sell rating to RY and set a C$104 price target.
According to TipRanks.com, Aiken is ranked #4552 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.
Based on Royal Bank of Canada’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of C$13.48 billion and net profit of C$3.05 billion. In comparison, last year the company earned revenue of C$12.52 billion and had a net profit of C$2.78 billion.
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.
