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Forex

RBC Surpasses Two-Hundred Day Moving Average as Analysts Praise Performance

Guavy AI Editorial Team
Instruments
CAD
Share

Royal Bank of Canada (TSE:RY) shares surpassed its two hundred day moving average on Monday, hitting C$289.72 in trading.

The stock's 200-day simple moving average is currently at C$266.96, and it has traded with a volume of 1,579,437 shares.

Analysts have been weighing in on the bank, with Canaccord Genuity Group raising their target price from C$310 to C$318 last Friday, giving Royal Bank of Canada a 'buy' rating.

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