National Bank and TD Cowen Stick to Their Buy Call on Royal Bank Of Canada

National Bank analyst has reaffirmed their Buy rating on Royal Bank Of Canada (RY) and set a price target of C$321.00.

This is in addition to a similar assessment from TD Cowen’s Mario Mendonca, who also gave RY a Buy rating on August 28. However, not everyone shares this optimism: CIBC maintained a Hold rating on the same day.

The market capitalization of Royal Bank Of Canada currently stands at approximately C$394B, with a price-to-earnings ratio (P/E) of 17.87.