Royal Bank of Canada (RY), the Financial sector company was revisited on August 20, and remains undervalued for at least one analyst on the street. Analyst Sumit Malhotra from Scotiabank reiterated a Buy rating, with a C$111 price target on August 20.
According to TipRanks.com, Malhotra is a 4-star analyst with an average return of 6.8% and a 62.2% success rate. Malhotra covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.
Royal Bank of Canada has an analyst consensus of Hold, with a price target consensus of C$107.25.
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 2.27M.
The company’s shares closed last Thursday at C$99.35.
