Keefe, Bruyette & Woods Reiterates Price Target for Royal Bank of Canada

Analysts at Keefe, Bruyette & Woods have reiterated their price target of C$316.00 for Royal Bank of Canada (TSE:RY), a potential upside of 11.36% from its current price.

This is not the first time analysts have raised their targets on the financial services provider. In August, Desjardins increased their price target to C$320.00 and Scotiabank boosted their target to C$280.00 in June. Jefferies Financial Group also raised its target to C$268.00 in August.

The firm currently has a 'market perform' rating on the stock, according to Keefe, Bruyette & Woods. Royal Bank of Canada's revenue for the quarter was C$17.45 billion, and it reported earnings per share of C$3.90.