Barclays Raises RBC Price Target to C$227
The Royal Bank of Canada (RBC) has had its price target raised by Barclays to C$227 from C$221.
This move suggests that analysts at Barclays believe RBC's stock is poised for growth and are expecting it to reach this higher valuation in the near future.
The new price target represents a 2.7% increase over the previous target, indicating a positive outlook for the bank's performance.