Royal Bank of Canada Earns 'Moderate Buy' Rating from Brokerages
Royal Bank of Canada (TSE:RY) has earned a consensus recommendation of 'Moderate Buy' from thirteen research firms covering the stock, according to MarketBeat.com. This rating is based on four hold recommendations, eight buy recommendations, and one strong buy recommendation.
The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$292.86. Scotiabank raised its target price on shares of Royal Bank of Canada from C$275.00 to C$280.00 and gave the company a 'sector outperform' rating in a research note on Tuesday, June 16th.
TD reduced their price target on shares of Royal Bank of Canada from C$307.00 to C$306.00 and set a 'buy' rating for the company in a research note on Friday, August 28th. Keefe, Bruyette & Woods raised their price objective on shares of Royal Bank of Canada from C$316.00 to C$324.00 in a research note on Monday, August 31st.
Royal Bank of Canada stock opened at C$285.20 on Friday and has a market cap of C$394.84 billion, with a P/E ratio of 17.98 and a beta of 0.94. The company's dividend payout ratio is presently 41.49%.