Forex
Royal Bank Surpasses 200-Day Moving Average Amid Analyst Upgrades
Royal Bank of Canada's (TSE:RY) share price has crossed above its 200-day moving average, reaching as high as C$284.96 on Tuesday. This milestone was achieved after several upgrades to the company's stock by research analysts.
The bank's shares have traded with a volume of 2,735,347 and last reached C$283.28. Analysts' price objectives for RY range from C$270.50 to C$324.00, with an average rating of 'Moderate Buy'.
Despite reaching above its 200-day moving average, Royal Bank of Canada's stock has seen a decrease in ownership by insiders, with recent sales totaling C$22.23 million.